ACH Payment Processing and Its Benefits

If you are an entrepreneur or a business owner and you want to make maximum profits with minimum expenditure, then Automated Clearing House (ACH) may be one of the keys to this. ACH Payment Processing is an electronic processing network used for the transfer of funds between bank accounts with the help of an intermediary that directs the funds to its desired destination. Such, computerized payment processing provides a lot of benefits to the consumers as well as the service providers.

Apply for a Instant Approval ACH PAYMENT PROCESSING

Following is a list of benefits that can be enjoyed by switching to ACH processing.

1. ACH processing is comparatively Safe and Secured. Lesser possibilities of hacks and international fraud rings.

2. Human Errors are reduced which also saves a lot of time for the merchants and customers.

3. ACH processing makes it easier for the consumer, as well as the merchants,to have easier access to the funds.

4. The batched processing in ACH helps with very fewer costs of the transaction.

5. Smooth and Secured transfer of funds is possible with ACH payment processing.

6. The best benefit of ACH Processing is that helps you save a lot of money through different steps of processing.

7. For Subscription and Membership based merchants ACH processing is the best transaction platform as you can easily arrange the funds about to be deducted from the account of the user.

8. ACH processing is time-saving, easy to use and also flexible towards different payment options.

We suggest you find the best ACH service provider and switch to ACH processing as soon as possible and start taking advantage of all these benefits.

Check Processing Services for High Risk Merchants

Getting paid is the ultimate priority for a business. In order for it to happen consistently with ease, keeping customers satisfied is important. Just like how customer preferences are taken into consideration in terms of the products being sold, their payment preferences should also be taken into account.

Most merchants are aware of the variety of payment methods and tools available in the market today. While online payments have rapidly gained popularity, some folks still choose to go the traditional way i.e. check payments.

Shocking? Not really! Checks are still seen as a reliable form of payment. As a merchant, it is in your best interest to determine if accepting checks is critical for your business.

Check Processing Services

With the more popular payment solutions available to customers & businesses, Merchant Check Processing Services are relatively little known.

Electronic Check Processing or E-check is a type of payment method available to merchants receiving check payments. Herein, paper checks received through customers are converted into electronic checks with the amount being transferred into the merchant’s business account. Merchants also have the option of receiving checks over phone as well as online.

Payment via checks comes with its fair share of risks for merchants; Bounced or returned checks and other fraud cases result in high chargebacks for merchants. With check processing services, check payments are managed effectively, efficiently and securely. E-Checks have made facilitating check payments simpler, faster and safer for businesses.

Consider Electronic Check Processing Services for your High Risk Business

High risk merchants always have to go through several hurdles to secure a fitting credit card processor that serves their business needs. Due to their risky business nature, approval rates for high risk merchants is low and those getting approved have to pay high processing fees. After all of this, the threat of chargeback and frauds still looms large.

Check Processing Services have proven to be the best option to save merchants from the hassles of acquiring a credit card processor.

So why should high risk merchants consider integrating check processing services with their business? Here are some benefits:

-Quick Approval

For starters, the approval process for high risk businesses is faster and the chances of getting approved are higher. As long as you are a legal business, merchant account providers should easily provide you with the desired services no matter the business type or product sold.

-Lower Costs

Fees are a big concern for high risk merchants. Merchant account providers charge an exorbitant amount to process credit cards of high risk businesses. Whereas, monthly costs for processing e-checks is much lower comparatively.

Also, if you are a business receiving payment majorly from checks, with check processing services save yourself the trouble of taking multiple trips to a bank.

-Same Day Funding

Unlike paper checks, merchants do not have to wait for days to get your e-check passed. Authorization happens in real-time and funds are deposited within 24 hours once the checks are processed.

-No Chargebacks

High risk merchants dread the word ‘Chargebacks’. It’s a major risk associated with credit card processing. Electronic check processing eliminates the risk of chargebacks by avoiding bad checks and other frauds.

-All Business Types

Check processing services is also available for all business types under the high-risk category including large-ticket items and high volume transaction businesses at a small monthly processing fee.

To conclude, Check Processing Services is a great alternative payment method for high risk merchants wanting to escape the tedious process of acquiring a merchant account or even simply looking to introduce a new payment option.

Get started with e-checks and expand your business!

Merchant Check Processing Services 2018

Technology has a come a long way since physically depositing and processing paper checks a decade or so ago. Gone are the days when a merchant had to wait for days for checks to be manually processed. Merchant check processing has eliminated the delay by introducing electronic checks or e-checks, wherein traditional paper checks are turned into electronic transfer. With check processing services, e-checks are processed much more securely and with sophistication.

Merchant check processing services in 2018 has made check payment processing simple and more importantly, faster.

Merchants may consider accepting and processing payments via checks outdated in an era of credit card processing and payment gateways. However, it still is critical form of payment for many kinds of business and customers. Before brushing off the idea and losing business, merchants should look at the payment options their competitors offer and what payment methods do the customers prefer.

Checks are still a relevant form of payment. Merchant check Processing services provide real-time authorizations and fewer hassles than traditional paper checks and save various trips to the bank.

With different types of merchant check processing solutions available, any kind of merchant can accept and present checks in numerous ways.

Automated Clearing House (ACH):

ACH is merchant check processing service that allows merchants receive payment directly from the customer’s checking account when the check is not present. ACH is a quick, low-cost solution for merchants billing customers on a regular basis or even if a customer is making one-time online purchase.

Point of Sale (POS) Check Conversion:

POS Check Conversion is beneficial for face-to-face transactions. Just like credit card processing, checks can be accepted and processed electronically with POS check conversion. POS conversion services provide the necessary tools for secure transactions. With the use of a check reader or imager connected to the terminal, checks are processed and deposited to your account.

Remote Deposit Capture (RDC):

Remote Deposit Capture technology allows a merchant to scan the check received into an image file and upload it for deposit. The task of manually depositing it at your financial institution is saved and instead the entire process takes place electronically. The RDC system can be designed to meet individual merchants’ requirements.

Image Cash Letter (ICL):

Image cash letter services are ideal for merchants with higher check transactions. ICL services have the ability to convert check information and customer data into a digital form of the check. These services allow merchants to process numerous digital checks together with associated data into a structured file which then is submitted in the form of an electronic deposit.

Accepting Checks for your business in 2018 –

Merchant check processing has numerous benefits, the obvious one being saving time. With checks getting transferred electronically, you don’t have to take frequent trips to the banks and wait for your check to be processed. Faster payment is made possible with check processing services.

If you are working from different locations, no matter where you deposit checks, your funds can be collected at your main account.

Yes, due to the increased popularity of credit and debit cards the frequency of accepting payments via checks and cash has reduced significantly. With check processing services you don’t have to turn away any customers. If you have determined that accepting checks is detrimental to your business, then you should carefully study the above mentioned merchant check processing solutions and pick out the option that best suit your business needs.