Merchant Accounts

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Ach Payment Processing

Written by Patricia Tunstall
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Electronic ACH Payment Processing

ACH payment processing is done electronically, which means it is accurate, quick, and secure. This national system hooks merchants into a reliable check processing solution that helps them increase sales by accepting customers' preferred payment methods. Whether online or in person, ACH processing streamlines payment verification so both merchant and patron find the payment procedure comfortable.

Old-fashioned paper processing is cumbersome, especially for the business owner who must ask for identification and hand-copy that information onto the paper check. Business owners can spend a great deal of time hand-processing checks--stamping them on the back with the name of the business, then making up lengthy deposits. With ACH payment processing, this paperwork is eliminated.

No More Deposits

With check conversion, merchants can change paper checks into electronic deposits within 48 hours (two business days). The ACH system assures the merchant that the amount the check is written for will be put into the business account and no chargebacks will be levied. The business owner is also protected against checks written on insufficient funds, which is the traditional check guarantee service.

By converting the paper check into a paperless, electronic transaction at the point-of-sale, this ACH payment processing eliminates the necessity of depositing the check. The merchant will find the funds transferred into the business account within five business days. The ACH system automates the tedious paperwork that bogs down so many business owners.

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