ACH and E-checks

ACH stands for Automated Clearing House; it was first developed in the 1970s in a Bank Industry attempt to replace the paper checks. It accepts both Debit cards and Credit Cards. ACH is basically used for processing funds electronically between bank accounts. ACH is also called as EFT (Electronic Funds Transfer). ACH check processing basically allows you to charge your client's checking account, whether or not the check is present.

IBS Ventures Ltd provide innovative and modernized check acceptance services give high flexibility to accept electronic check payments, reduces the overheads expenses of various stufflike daily trips to thebank, paperwork, bunch check stamping, etc. ACH Check processing allows you to charge your client's checking account, whether or not the check is present.

E- Check stands for Electronic Checks. E-checks are online payments that you start using your bank account and bank routing number through our E-payment system. With ACH/eCheck, businesses can simply convert their paper checks to eChecks right in their own back office by entering the numbers themselves. Or they can transform them into electronic checks by using a check reader, which is a pretty smooth way of doing it.

Benefits of ACH for Merchants:

  • Provide your customers with an alternative to credit cards and checks.
  • Offer lower-cost payment then either checks or credit cards.
  • Faster payments than using checks.