ACH payments are electronic fund transfers between banks. So, ACH payment processing is a convenient way to send and receive money using only a bank account number and routing number - no cash, checks, or cards necessary.
If you’ve ever used direct deposit for your paycheck or signed up for recurring payments where the merchant deducts the funds from your checking account, then you’ve experienced ACH payment processing firsthand. It’s just one of the digital ways to move money from point A to point B.
Businesses save time using ACH payments because they eliminate the need to deal with fraud-prone paper checks, handle recurring billing manually, or hunt down payments sent by mail. Additionally, customers have different payment preferences like credit card, debit card, ACH, and so on, so the more options you provide, the more likely you’ll have a happy customer and another sale.
To learn more about the ins-and-outs of ACH payment processing, read our blog post which goes into further detail on payment processing times, transaction costs, how to accept ACH payments, and much more!
paymentdepot.com/blog/ach-pay...
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