High Risk Merchants Move from ACH to EchecksHigh risk merchants will tell you how challenging it is to remain compliant with restrictive ACH payments processing regulations regarding chargebacks on echecks. It is virtually impossible for many high risk merchants to comply with rules demanded..
When a payment is made through the ACH Network, funds from the customer’s bank account are not immediately set aside to cover the transaction. Because the ACH system processes transactions in batches rather than “real time”, funds do not clear through the Federal Reserve..
What is an Echeck Account?Echecks are the most popular alternative payment method for US consumers. Millions of Americans regularly purchase goods & services with electronic checks rather than cards.An echeck account gives you the ability to accept checks online. Or accept check by phone,..
The ACH Network is an electronic payment processing platform through which monies and payment-related data flows. The network is a safe, secure, method for transferring consumer, business, and government payments. Billions of dollars are processed annually through ACH, including direct..
Electronic Checks Increase Sales for Online PharmaciesOnline pharmacies provide an important service to consumers that do not have health insurance or cannot afford to pay the high cost of medicine in their own countries. For years, consumers were able to buy pharmaceutical products with both..
Reasons International ACH Transactions are LaggingTwo years after the passage of the International ACH Transaction (IAT) code, most businesses are not using the service due to three main reasons:Complying with the IAT rules is an added expense. These days, businesses are focused on decreasing..