Business

ACH Processing Explained

Comments Off on ACH Processing Explained 20 July 2011

ACH processing stands for Automated Clearing House processing. This type of payment processing is set up by the Federal Reserve Bank to allow people a better way to accept payments for their business. If you accept check payments and process them traditionally, you should check into the ACH services because they can afford many benefits to your business. While accepting checks is becoming a thing of the past for many businesses, a lot of people are still set on using checks to pay for different goods and services. Accepting their payments will allow you to generate more sales than someone who only accepts credit or debit card payments.

If you switch to ACH processing and using electronic check processing rather than traditional methods, you’ll likely find that it is more efficient and affordable for your business, and also for your customers. Instead of waiting days for checks to clear, most ACH transactions post within 24 hours. This can balance your books faster and also help consumers to spend their money better and more wisely.

Taking this on requires that you take the time to find a service that offers professional processing and a reputable name so that your customers feel safe in using the payment methods that you offer. Even if check processing only increases your sales by 2-3%, it will be a worthwhile investment in the end.

With ACH processing, the check that is accepted is immediately turned into an electronic file. This eliminates the need to even have a paper check, and allows the ACH system to clear the funds by verifying their availability with the customer’s bank, and then depositing the funds into your business’s account. It really is that simple to work with ACH transactions. Credit card processing is often seen as complicated and troublesome to many people, but it isn’t, and neither is accepting checks through the ACH service.

Any way that you can enhance your business is worth trying. If paying a little for ACH processing brings you more business in addition to your current payment methods, it will definitely be a good investment. You shouldn’t be afraid of new things for your business, because even if they cost money and you have to learn how they work, the benefits will always outweigh the disadvantages when those benefits are increased sales.

Want to find out more about ACH processing, then visit eMerchant Solution’s site on how to choose the best ACH service for your needs.

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