If you’ve ever paid employees or received a paycheck through electronic deposit, then you’ve used the ACH payment system. Same with using the “pay bills” feature from your bank account. Whether you are aware of it or not, you use ACH to make payments every day. In fact, even when a payment is not called an ACH transaction, a portion of that process might still pass through the ACH network. This is because ACH payments form the backbone of money transfer between US banks.
Archive for the ‘ACH and Check Processing’ Category
Chargebacks happen to every merchant. In fact, you probably won’t be able to eliminate all chargebacks as long as you keep accepting credit cards. The best you can do is to contain them and reduce them to a small number. What is left is just a part of the cost of doing business. To find out more about what chargebacks are and how to best deal with them, read on to find out.
Zelle is a money transfer service meant to compete with Venmo and PayPal. Now even businesses can use Zelle to move money around and make payments — here’s what you need to know about using Zelle for business.
ACH Payments and wire transfers each have their uses. If you wish to send or receive smaller payments that can be scheduled and paid out automatically, ACH is likely the way to go. However, if you have larger, one-time transfers that are time-sensitive, then wire transfer is pretty much your only choice.
In an age of chip cards, cryptocurrencies, and digital wallets, the word “check” seems woefully outdated. Frankly, even sticking a little “e” on the front of the word doesn’t improve matters much. If you’re like me, your own paper checkbook sits in the back of a drawer or the bottom of a bag, begrudgingly retrieved […]
If you collect payments online, your customers are likely accustomed to using credit or debit cards, PayPal, or even digital wallets such as Apple Pay or Google Pay. However, some of your customers may be quite open to authorizing a simple bank transfer via the good old ACH (Automated Clearing House) Network. Paper checks are […]
In this article, we’ll dive deeper into the world of ACH payments, showing you where to find payment processors, suggesting ways your business can use ACH payments to save time and money, and discussing what’s a fair price to pay for the service.
From speeding up the checkout process to garnering extra trust from customers and reducing your own risk of fraud in your business, alternative payment methods have a plethora of benefits and don’t require too much fancy footwork to get set up. Let’s explore some of the biggest trends, such as digital wallets, bank transfers, and a few more you may not have heard of just yet.