Supplement Credit Card Transactions with ACH Payment Processing

Thinking about starting your own business? Whether it’s online or a traditional shop, you must never leave any stone unturned to streamline every business activity, including creating invoices and receiving payments. The type of payment a business accepts can play a pivotal role in multiplying customers. While cash, checks and credit cards are some of the common types of payments accepted by businesses, accepting ACH transactions online can simplify the payment scenario.

Today a wide variety of business industries are continuously benefitting from ACH (Automated Clearing House). ACH opens the door to conduct more profitable business with access to a larger customer base. This is a network that allows businesses to move funds electronically from the customer’s bank to the respective business account. Businesses can save on processing fees by minimizing the number of credit card transactions, which typically come with higher processing fees.

Moreover, with ACH products and services are made available to a larger customer base, such as those who may not have a credit card but have a checking or savings account. A business that turns away its customers just because it can’t accept their payment types will find it difficult to survive in the present day competitive market. ACH gives businesses the confidence to advertise their products and services to the Internet population and encourages non-credit card holders or reluctant credit card users to shop with ease without worrying about security.

When a business picks an ACH payment processing provider, it has access to better protection against returned checks and fraudulent payments. Advanced collection tools combined with fraud screening features are made available by leading ACH and credit card payment processing providers, preventing illegal transactions before they occur and stopping businesses from incurring financial loss.

The path to improving efficiency lies with technological advancement. As businesses are moving to Internet Enabled Payment Solutions, the selection of the right tools to process online check payments has given merchants an opportunity to keep more of their hard earned money by saving more on processing fees. With the ACH network, merchants can now receive their money faster, easier and more securely.

Consider including ACH processing solutions for your business to expand your customer base and reduce the manual nature of work for your account receivables.