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ACH Payment Processing For Ecommerce Businesses
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H igh Risk Payment Gateways
ACH Payment Processing
For Ecommerce
Businesses
D enis Smith O ctober 9, 2020 F
inancial Services A CH Payment
Processing
ACH Payments are the electronic payments that help in securing the payment
transactions from the acquiring bank to the merchant account. It allows
transferring funds from one financial institution to other financial institution with
the help of a centralized system. This advanced technology of transferring funds
can help both the merchant and the customer. ACH networks require less costing,
automated and it is easy to keep track of all the payments through it. Webpays gets
you the best ACH Payment Processing services that will drive your business to
success by empowering you with smooth and flexible payment transactions.
Though you may not be so much familiar with the ACH payments. But millions of
transaction are being made daily with the usage of ACH transfer. When employers
pay wages to the employee or when consumers make a payment to pay their bills,
the ACH network is often responsible for all such payments. There are over 23
billion ACH payment transactions per year. The payment system is getting popular
in USA and Middle East countries.
Why merchants grab ACH payment option?
With ACH networks you will have numerous features to your business.
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When customer make any payment through check, the merchant is required to
Cwloasiet afonrd aa ccceerpttain time to arrive the mail, once the mail is received then they
proceed further to deposit the check with a bank. Sometimes it gets difficult to
keep
track of all the payments and it’s a cumbersome job to track all the transaction
details. PaymenCtsr ethaatet a yroeu mr awdeeb eslietcet raotn ically quickly transGfeerts s ftraortmed one financial
institution to othWeorr fdinPraenscsi.aclo imnstitution. Additionally with ACH network, you are
not required to forward checks to the bank and wait for the few days to get the
money.
Not so expensive
For merchants that accept credit card payments, they often have high processing fees
for transferring the money. While the merchants who are using ACH networks
often cost less to process the transaction. Moreover, you will have an additional
benefit for collecting recurring payments. Automating those payments will only
provide you with a high volume of sales. Unfortunately, ACH doesn’t provide you
with real-time responses, unlike credit card terminals that provide real-time
confirmations.
Remote Payments
Merchants with ACH networks can accept payments remotely; though credit card
processing can also do the same thing. In case your customer doesn’t have credit or
debit card for making payment they can prefer ACH payment transaction to
transfer the funds.
Flexible Payments
The customer is not required to fill any details in check, re-order them when they
run out. And there is no need to check mails in time. ACH allows hassle-free
payment transaction to the customer.
Automatic Payments
Merchant need not to keep an eye on each and every bill with automatic ACH
payments you are only required to take action when payments are due. Automatic
generation of paying bills is an enhanced feature that provokes customer to use
A CH Payment Processing.
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In "Financial Services" In "Financial Services" Payment
In "Financial Services"
D enis O ctober 9, 2020 F inancial Services
Smith A CH Payment Processing
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