Every business can benefit from offering ACH Payment Processing for one significant reason: when a customer cannot complete a credit card transaction, another viable and secure solution is payment by check.
What Is An ACH Payment?
Automated Clearing House (ACH) is an electronic payment solution that enables merchants to deduct payments directly from their customer’sbank account. ACH payments also save money and time because unlike credit card and debit card transactions, it doesn’t involve any interchange fees, and the merchant and customer don’t need to exchange check numbers or any document.
Benefits Of ACH Payment
- It removes the need for postage and envelopes.
- It is hassle-free and provides a faster option than paper checks.
- It is a cost-effective solution for e-commerce businesses.
- It supports recurring billing and payment.
- It is a secure and reliable payment solution. Checks and credit cards could be stolen