Every business these days basically needs to be processing credit card payments. If they do not, then customers are going to be angry with them. Using credit cards to make purchases is simply something that people have accepted as a way of life at this point. Therefore, ACH processing has become something that is nearly a requirement for a business to survive.
The problem with ACH payment processing is that it is not as straightforward as it appears. Although it looks so easy to the customer who is making the purchase, there is actually a lot more to it then just swiping a card. There are a series of transactions that have to occur in order to take that simple payment from a customer.
Merchant services are what handle companies that accept credit cards. The different credit card issuers are the ones who collect fees via merchant services every time a credit card transaction occurs. Since the companies have to transfer the money from one account to the other, they have to collect a fee for this service. That is the way in which the credit card issuers are able to make their money. Those little fees can add up pretty heavily over time. After all, there are plenty of people who will be making credit card transactions during the course of the day, and those figures really start to add up to something big when you put them all together.
The fine print of a merchant account agreement can provide any business owner with more information about what they are getting themselves into. Hopefully, those business owners will take heed of the fine print and understand the charges that are associated with a merchant account. Unfortunately, there are many who do not understand these things and simply assume that they are going to be charge free. They will be sorely disappointed.
Always read the fine print of any agreement, particularly one that is going to have such a heavy impact on your business in the future. No one should be getting involved with an agreement like this if they do not have a clue about what they are doing.