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Quick payment transactions with ACH Payment Processing


Reliable business transaction with credit card processing

ACH Payment Processing is an electronic fund transfer network that is currently used in the United States to deal with financial transactions. ACH processes the debit or credit card transactions in large numbers and the entire process is managed in batches. ACH network is also used for e-commerce business by merchants and it can be a better option for people who are not using credit or debit cards. Ach networks are far different from credit or debit card processing and it doesn’t provide real-time authorization for the transactions that are done. The payment processing with ACH networks takes a few days and the funds are electronically credited or debited within after a few days. This payment process allows you to accept payments over the phone or online and helps you to convert paper checks to e-checks.

What is e-check processing?

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e-check is a kind of electronic check that is used to make online payments. It requires the bank routing number, your bank account number and the name of the bank holding the account to transfer fund from your account to other bank accounts. There are two ways of processing the e-check. Check scanners will allow a scan of your physical check that is given using the scanner and transforms it into an e-check and submits it for getting the payment electronically. Another option is to have a secure web connection that will allow the merchant to fill in the details like bank routing number, your bank account number and the name of the account holder to process the check. It will require 2-3 days to process the e-check in both the options.


Advantages of having ACH payment processing

1. The fee you are required to pay for ACH payment processing is less than the fee you have to pay for credit card payments and can help you save the money.
2. Preference is given to e-checks in comparison to paper checks hence you have a better chance of getting the payment even if the funds are low in the account.
3. With ACH processing you have the alternative to credit or debit cards and you tend to attract customers who are not comfortable using cards
4. The entire process is so quick and reliable in comparison to paper checks that it will help enhance the cash flow into your business.

ACH Payment Processing helps you to save time and money

With ACH Payment Processing merchant is offering an alternative mode of payment and apart from that customers and merchants both are saving the money as the processing fee for e-checks is much lower than that of any other online payment option and with an additional advantage customers don’t have to deal with the interest rates that come along with the credit card. Even the debit card and net banking also have few transaction charges that can easily be avoided by the customer. Merchants also save the time to visit a bank and deposit the check as e-checks can be sent for processing from an online platform. PayCly offers you the best credit card processing solutions that will drive your business to grow.

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