ACH (Automated Clearing House) processing are electronic transfers from one account to another. Using ACH processing along with our Virtual Terminal and other methods can help reduce errors and speed up transactions. ACH processing can also save on paper, ink, postage, and fuel to delivery checks to the post office. Many businesses large and small can benefit from ACH processing because there’s no need to wait for customers to write checks and have them lost in the mail. Paper checks received personally or by mail can easily be converted and processed electronically with our Virtual Terminal. There’s no need to make trips to the bank, and no standing in line.
Lower Processing Costs
The main benefit to the merchant is you don’t have to pay for the cost of processing credit cards, you just pay a low flat fee per transaction. Our system supports paying by check through our gateway, virtual terminal and batch.
When Should You Use Them?
Checks also known as ACH transactions can also be set up for recurring payments. This works well for gyms, utility companies, property managers, or any merchant that wants to re-bill the same customer automatically.
Other common uses for ACH Processing/eCheck payments:
- Association/Club Dues
- Corporate-to-corporate payments
- Insurance payments
- Mortgage payments
- Point of sale purchases
- Utility payments