123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Ach Payment Processing And Its Benefits

Profile Picture
By Author: Arijit Roul
Total Articles: 64
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

What Is ACH Payment Processing?

Automated Clearing House (ACH) is an electronic network that is present in the United States to deal with financial transactions. ACH will processes credit and debit transactions in large numbers and the entire process is done in batches. ACH Payment processing is also used as an eCommerce payment solution by merchants and is a good option for people who are not into using credit or debit cards. ACH Payment processing is different to credit or debit card payment processing and it does not provide real time authorization for the transactions that are done. The payment process takes a few days and the funds are electronically credited or debited within a few days after the initiation of the payment process. This payment process gives you the option to accept payments over the phone, in the store or online and helps you to convert paper checks to e-checks while also setting up recurring billing.

What Is E-Check Processing?

An e-check is just the electronic version of your regular paper check and can be used to make payments online. By using the bank routing number, your bank ...
... account number and the name in which the bank account is held you can transfer funds from your account to the account of the person it is intended to. A merchant can accept and process e-checks in two ways. There are check scanners that will allow the merchant to scan the physical check that is given using the scanner and convert them into an e-check and submit it for getting the payment electronically. Another option is to use a secure web based system that will allow the merchant to key in the details like the bank name, bank routing number, the bank account and the name of the account holder to process the e-check. In both the option's time taken for the process to complete is generally 2 to 3 days.

Benefits Of ACH Payment Processing

• The fee that is charged for ACH payments far less than what you will have to pay for credit card payments and can help you save money

• Preference is given to e-checks when compared to paper checks and therefore you have a better chance of getting the payment even if the funds are low in the account

• By providing the customer other online payment option from the regular credit and debit cards you tend to attract customers who are not comfortable using cards.

• The entire process is efficient and fast when compared to paper checks and is a great way to increase your cash flow into your business

Time And Money Saved By Using ACH Payment Processing

When a merchant offers the customer an alternative mode of payment like accepting e-checks there is money saved by the customer and by the merchant as the processing fee for e-checks is much lower than other online payment options and for the customer he will not have to deal with the interest rates that come with using credit cards. Using debit cards and net banking also does include a few transaction charges and these can be avoided by the customer. The merchant also saves the time to go to a bank to deposit the check as e-checks can be sent for processing from the store.

Are you trying to find a cheap payment procession option for your business? Try giving ACH payment processing ago.

Total Views: 321Word Count: 558See All articles From Author

Add Comment

Business Articles

1. Single Screw Plastic Extruder Demystified For Manufacturers
Author: ADVAN

2. Leed And Its Impact On Today's World
Author: Agile Advisors

3. Enhancing Safety And Sustainability: Tempgenius Blood Bank And Environmental Monitors
Author: Chris Miller

4. Verg Restoration
Author: PAVEL VERGULYANETS

5. Key Players And Competitive Landscape In The Insect Pest Control Sector
Author: MarketsandMarkets

6. Earthing Rod And Its Types
Author: EARTHING ROD AND ITS TYPES

7. Unveiling Excellence: The Journey Of A Pcb Manufacturer And The Innovations In Rigid-flex Pcbs
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.

8. Exploring Multilayer Pcbs, Aluminum Base Pcbs, And Choosing The Right Pcb Supplier
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.

9. Best Wati Alternatives In 2024 To Improve Customer Engagement
Author: Vilas

10. Revolutionizing Retail Spaces With Architectural Cad Design And Drafting Services
Author: Pavantheaecassociates

11. Professionell Diskning I Stockholm: Ta Hjälp Av Erfarna Diskare
Author: hemstandind i sigtuna

12. Canva Acquires Design Platform Affinity To Bring Professional Design Tools To Every Organization
Author: otis

13. Best Static And Dynamic Website In Mumbai
Author: Techstreat Web Solutions

14. Mastering The Road: The Essential Training For Becoming A School Bus Driver With Northstar Bus Lines
Author: Northstarbuslines

15. Exploring The Potential Of Hydrogen Technologies: A Clean Energy Revolution
Author: yogitamnm

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: