If you’re looking for an alternative payment method to offer your customers, you might have considered using ACH payments. Electronic payments are becoming increasingly popular among consumers and merchants alike. Many Americans now prefer to pay electronically rather than using a paper check...
What Is ACH?An ACH merchant account is an excellent alternative to card payments, allowing you to capture sales from customers that do not have cards, are maxed out on cards, or simply prefer to pay with an electronic bank transfer. ACH rates are also often significantly lower than rates for..
ACH Volumes Continue to RiseAccording to NACHA, there were 20.2 billion ACH transactions totaling $33.91 trillion processed in 2011. This represents an increase of 4.35% compared to 2010.Three types of transactions were responsible for most of the growth volume. First are “native”..
Same Day Settlements Approved Yet Few Banks ParticipateFederal Reserve same day settlement for ACH transactions has been available for over a year. However, very few banks have chosen to participate, making it extremely difficult for merchants to take advantage of quicker clearing of ACH..
ACH Processing for Electronic Funds TransferACH payments and wire transfers are the most commonly used methods of transferring funds electronically within the United States.Wire transfers are best suited for high dollar transfers must which must be sent or received quickly, within the same day or..
Echecks Trusted by BuyersOne of the most common questions asked by merchants who are thinking about adding electronic check processing is: “Will my customers use it?” The answer to that question is “Absolutely yes.”Consumer use of echecks for online payments is greater than ever before..