ACH processing takes place countless times every single day, in numerous ways. From direct deposit payroll accounts to automatic bill pay and beyond, it's a side of commerce that has become almost impossible to do without. But merchants still need to take a closer look at ACH processing in order to understand what it is, what it offers, and why it's so important for their business.
ACH processing for merchants allows businesses to accept the highest number of potential payment from your customers including:
The benefits of ACH processing are obvious immediately – it allows your customers to pay for their purchases however they like. With the majority of Americans today using debit cards more frequently than checks, ignoring ACH processing can mean doing serious damage to your business' bottom line. You owe it to yourself and to your customers to make sure they can pay however they choose or else they'll go somewhere that can.
Using ACH processing also allows you to set up online payments and an online storefront. The number of people who shop online is huge and growing steadily. As a result, you'll be giving a whole new dimension to your business and help boost your profits in a big way when you add this type of payment processing to your company.
There are plenty of other benefits that ACH processing offers. The biggest is that it is convenient and easy to use. It helps you streamline your payment processing, reduce any errors, and actually save money since you're not paying for postage or paying employees extra amounts to try to keep track of huge piles of paperwork. Everything is handled digitally, making it simple to track and manage your information as needed. This means that compliance is much higher, the risk of errors is reduced, and keeping records is easier than it could ever be with the older methods of payment processing.
ACH processing is fully secure and safe to use. Today's modern encryption programs make it safe to use, with little chance of loss of data integrity possible. And since it uses a national financial network back by the federal government, funds are fully protected as well. By adding the ability to accept credit and debit cards as well as online payments, you'll be doing your business a big favor without adding any risk to the process.