We have all heard the phrase “The check is in the mail”. In most cases this is a sarcastic way of saying that something is probably not ever going to happen. In the past, people used checks as a reliable and common form of payment when they did not have enough cash on them to make a purchase or pay for a service that had been rendered. The consumer would write out a check for the amount they wanted to pay, sign it and hand it to the purveyor of the good or service that they were purchasing. The recipient would then take the check and endorse it, then deposit it at their financial institution. Today, many businesses prefer ACH check processing.

Standard paper checks are not as reliable as they once were for a variety of reasons. Checks that are mailed to the payee have the potential to get lost or misrouted. A check made out to cash, in the wrong hands can be deposited, even though it wasn’t intended for the person depositing it. In today’s uncertain economy a check is also no longer an ironclad guarantee that you will receive payment. A person is capable of writing a check for an amount greater than the funds which they actually have available. The recipient runs the risk of not only not getting paid, but incurring fees for the returned check when they accept a paper check. ACH check processing helps avoid this issue.

An ACH check is an immediate withdrawal of funds, at the time that the check is issued. No paper check has to be written out, though many financial institutions will provide a paper version back to the account holder to enable them to reconcile their statement. ACH check processing provides a safe means for businesses to accept checks and a secure way for account holders to issue checks, with no risk of the check not making it to the intended recipient.

If you have a business and are looking for ways to enhance the payment experience for your customers, then you should consider offering ACH check processing. Fast, simple and reliable, it provides a great way to ensure that you get paid on time, the first time and every time. It also protects your customers by preventing them from ever writing a check that may bounce on them or using a credit card with interest and finance charges attached.

Please contact us for more questions or comments at 800-403-8182 or at www.nationalprocessing.com

Adding ACH check processing to your business is a great way to reach more customers while streamlining your business.  ACH stands for Automated Clearing House processing and is affiliated with the Federal Reserve Bank.  It is the gold standard when it comes to accepting remote check payments.  Still one of the most popular methods for payment, checks have proven difficult to accept over the internet until recently.  With issues of fraud, lack of funds, and long transaction times, the process of accepting checks remotely has undergone a major overhaul to combat these issues.

We all know that the internet is a great venue for doing business.  Whether setting up an online only store to keep overhead low, or expanding your existing business to the internet, you will benefit from the large number of potential clients.  By adding ACH check processing to your payment options, you can expand your amount of clients by reaching those who either still do not have a charge card or choose to not use one for online purchases.  Using the internet for commerce purposes can also make your sales run more smoothly and cut down on costs involved in processing them.

ACH check processing can also add to your profit by decreasing processing costs associated with traditional checks.  Additionally, as the funds are typically deposited into your account within a shorter amount of time, you have much quicker access to the money you are making.  Any business owner knows that waiting for monies owed is a major drain on your time.  This ultimately affects your bottom line when you are constantly hunting down checks and wasting time following up with past-due invoices.  You are also now able to keep your bookkeeping up to date more easily.

This payment process also cuts down on the amount of bounced checks and, thus, decreases the fees associated with this.  One of the major problems with accepting checks in a traditional brick-and-mortar store has been that there was no way of knowing if the customer’s account had sufficient funds.  It might take up to a week or more to find out that the check bounced and are then hit with a fee from the bank.  Therefore, you are able to cut down on the number of bad checks that eat up profits while increasing your number of customers.  With all of the upgrades it has brought, ACH check processing represents the future of online payment.