ACH Network Moves to Quicker SettlementsLet's face it. The ACH network is having a hard time keeping up in these days of real time payment processing.The ACH network was designed as a net settlement or batch payment system for single time or recurring payments. As a result, settlements take 3..
ACH for high risk merchants is an easy way to get more sales from recurring billing models and subscription sales. High risk merchants in many industries, including online entertainment, digital content, and subscription-based products benefit from ACH processing.ACH stands for Automated Clearing..
E Checks for Recurring BillingElectronic checks (echecks) are particularly beneficial for merchants that offer recurring billing or subscription payments. Echecks are a stable payment option for merchants that are interested in protecting cash flow for recurring payments.The more payment options..
Strategies for High Risk ACH & eCheck Account ApprovalHigh risk merchants can obtain an echeck account. Yet, it is more important than ever to prepare the application in a way that maximizes your chances for approval for electronic check processing.Banks are taking closer looks at high risk..
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,..