High Risk Processing with Check 21Check 21 provides an excellent solution for high risk merchants who want to accept checks online or take a check by phone. Check 21 technology is particularly beneficial for companies that are unable to keep chargebacks under the 0.5% threshold required by NACHA..
ACH Payments Popular According to NACHA, the ACH network grew by 3.1 percent in the third quarter of 2010 compared to the third quarter of 2009.Approximately 3.89 billion transactions worth more than $7.8 trillion were transmitted during the third quarter of 2010. There were 2.32 billion debits..
Accept Echecks to Get More SalesAccept checks online to expand market reach by capturing sales from buyers who do not have cards, are maxed out on cards, or simply prefer to pay check.Electronic checks debit funds from your buyers' checking or savings account and automatically deposit the money..
Echecks Increase SalesHigh risk merchants discover adding electronic checks as a payment option is an easy way to increase sales Electronic checks are the most popular alternative payment method for internet shoppers, second only to cards.Electronic checks can be processed either through the ACH..
World Moving to Electronic PaymentsAccording to a survey by the Association of Financial Professions, US corporations are rapidly moving to electronic funds transfer for business-to-business transactions. The reasons given for the surge is advances in technology, increased focus on business..
What is ACH Processing?ACH processing lets you automatically debit payments from buyers’ checking or savings accounts. Funds are then electronically deposited to your business bank account. ACH payments capture sales from shoppers who do not have cards, are maxed out on cards, or who..