Through the National Automated Clearing House Association (NAC), 25 billion transactions are processed per year securely. An Automated Clearing House (ACH) Network will allow for funds to be transferred between two bank accounts, whether through direct payment or direct deposit. Payroll, refunds, government benefits, and any other types of electronic transactions can be completed using direct transfers. Costing far less than using a paper check or credit card transaction, by implementing ACH processing, you’ll be a step ahead of the competition.
Did you know that the cost of processing a credit or debit card can cost you 2-5 percent of the payment? As for paper checks, they have largely fallen by the wayside as a payment method, but still, take time and additional money to process if they are used.
ACH processors manage your reporting
Whether you are using ACH transactions for payroll, payments, or other business transactions, a good ACH processing solution will efficiently organize employee and customer information and other data for years to come. You should be able to monitor activity from transaction to end. A processing system with an efficient dashboard tool can help with efficiently incorporating ACH into your business and staying organized.
You also won’t have to think about deadlines for payments. You’ll just have to ensure that your bank account holds enough money regularly and ACH can do the rest.
Automating the payment process is necessary for this day and age. With simple ACH processing, you won’t need to onboard complicated systems and teach all members of your team complicated software.
How do you find an ACH provider?
No long term contracts are necessary for implementing an ACH Processing system. You’ll be able to see if the system works for you and decide your process for the future. You’ll be able to ensure that all your customer data is safe with our encryption and fraud filters, and attention to PCI compliance. Increasing accuracy and security will allow you to focus on other important areas of your business. Efficient customer service will help in any tricky situation. and ensure your customers that ACH is a secure payment option.
As a small business, you want a cost-effective solution to payment processing specifically designed to scale with you and your business as you grow. You don’t have time to field issues with potential security threats, higher-costs, and other issues. The simplicity of ACH payments allows you to focus on the areas of your small business that matter most: your customers and the bottom line.