The automated clearinghouse is an electronic network for financial transactions in the United States that processes a large volume of credit transactions in batches. It is a tool that allows you to electronically debit a customer’s bank account rather than using paper checks. Merchants need to acquire payment gateways that will allow them to accept credit or debit card transactions. If you are a merchant looking to take your business forward and to have higher benefits then you need to hire a service provider that will allow you to have smooth and flexible payment transactions. We at ePay Global provide you with the efficient ACH Payment Processing that will take your business to higher business growth.
Quick Facts about ACH Network
1. The ACH network is a batch processing system in which financial institutions gather ACH transactions throughout the day.
2. Rather using paper to carry necessary transaction information such as with eChecks
3. The ACH Network processes two types of transactions: Direct Deposits via ACH and Direct Payments via ACH
4. Direct Payment is used to transfer funds of payroll
Advantages that you can have with the merchant account facility
Banks or financial institution may not provide you with the merchant account easily. Since they may want to ensure that you are not associated with any ill legal activity. There are many benefits that a merchant can have such as multiple currency benefits, a different mode of payment option, easy and simple integration, safe and secure payment transaction and the high volume of sales to the merchants. Here is the list of some of the benefits that you can have with the merchant account facility.
Multiple Currency Benefit: Multiple currency benefit will allow you to have multiple currencies for your business account. It will also allow you to have a high volume of sales for your business
Easy and Simple Integration: Merchant accounts are easy to integrate with the system application and makes the entire system smooth and flexible. Both customers and merchant require a system that is not complex to provide easy and quick access to payment transactions.
Safe and Secure Payment transactions: Service provider will ensure that you have a safe and secure network for making business transactions. A payment gateway secures the information by encrypting the essential information such as phone number, email address, bank account details and other fintech-related information. A secure network helps to makes the customers reliable and helps to make the transactions efficient.
Different mode of payment transactions: Service provider will allow you to have a different mode of payment option. Different mode of payment option will allow your website to accept different cards such as Master, Visa, Discover, American Express etc. Customers can easily make payment with their different cards. They will have the flexibility to make payment with their card.
We at ePayGlobal provide you with the ACH Payment Processing that will provide you with the smooth and flexible payment transactions.
Read our another blog post : Getting a Smooth and Flexible Payment Transaction with High Risk Merchant Account