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..
What is an ACH Unauthorized Return?An unauthorized return for an ACH payment occurs when the originating depository financial institution asks for the amount debited from the bank account of the buyer to be returned to the account from which it was withdrawn.In most situations, the return is..
ACH Payments SoarSince the introduction of internet and telephone payments in 2001 and the advent of international payments in 2011, the ACH network put into place by the National Clearing House Association has expanded steadily.Today, over 20 percent of all electronic payments carried out in the..
High Risk Merchants Prefer E ChecksIn the US, there are two methods of debiting a bank account. First is ACH debits, which process transactions through the Automated Clearing House network. The second is echecks, which processes payments via bank-to-bank transfers.Many merchants who were using..
ACH and Check21 echeck processing service for online money transfer companies. US customers can quickly and easily send payments using a direct debit from their bank account.The World Bank reports that money remittances were $436 billion in 2014 and will increase to $518 billion by 2016. The..
International and US payment processors understand that additional payment options at checkout result in more orders for merchants using the processing platform. The more ways customers have to pay, the more sales are made. The US ecommerce market will hit $434 billion in sales within the next 2..