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Automated Clearing House - Choosing an Automated Clearing House Service

Posted on September 19, 2011 by info@achprocessingonline.com

If your business involves receiving payments from customers on a recurrent basis, such as weekly or monthly payments, then you can benefit in a myriad of ways from what is known as Automated Clearing House Processing or ACH processing. This type of payment processing entails setting up an automated service so that the payments are automatically debited from the accounts of your clients and customers in batches, and then the money is delivered to you directly. This is the best course of action for many types of companies and may be ideal for you as well.

Automated Clearing House payments are already made by nearly half of all the households in the United States for a wide variety of different applications including mortgage payments, car payments, loan payments, credit card payments and many similar reasons. Households that have to make the same payment every week, biweekly or every month can benefit significantly from ACH processing because all of the stress is taken away when everything is automated. Because your clients are customers are benefiting, you are going to be able to benefit as well.

One of the greatest benefits associated with ACH processing or Automated Clearing House payments is that these payments are much cheaper for you as the business owner. Rather than paying an average of $1.33 for every eCheck or paper check that you receive, you will be paying mere pennies for these “batch payments” instead. These cost savings are some of the most important reasons why businesses are beginning to use Automated Clearing House payments more often than in the past. It is definitely going to benefit your business to at least consider whether or not this is the right type of payment processing service for your needs.

Even if you think your current payment processing system is working for you, it will still benefit you to consider other options from time to time as well. When you consider Automated Clearing House payment options, it will be beneficial to look at whether or not this type of payment applies to how you collect money from your clients and customers. If you tend to accept payments on a recurrent basis around the same time every week or month, then ACH processing may be the best course of action and the best value in terms of cost effectiveness as well, which is reason enough to consider it as a valid option for your business.

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Payment Processing – Understanding the Importance

Posted on January 19, 2011 by info@achprocessingonline.com

Payment Processing – Understanding the Importance

Payment Processing has become more and more important especially among retailers specializing in e commerce.  Manual processing and real time processing are the two basic types of payment processing available.  Real time processing is preferred because of its reliability and security and it increase a business’s ability to grow and prosper.  This type of processing greatly reduces the possibility for fraud and not only increases the efficiency of transactions but enables a business to focus more energy on serving their customers and less on dealing with the various types of transaction processing systems available.

Online businesses in particular must offer a variety of options for their customers when it comes to processing payments.  Chief among customers concerns after security are speed and convenience.  The same is true of customers in traditional retail stores.  They expect transactions to happen quickly and smoothly.  Both online businesses and traditional brick and mortar stores will see a significant loss in revenue if they are unable to successfully handle credit and debit card transactions.  The fact is, more and more customers are using debit and credit cards to make purchases instead of cash or checks.  While checks are still quite common, especially with older adults, they are quickly being replaced by debit cards.

Choosing a Payment Processing service that offers flexibility and security is really the best bet for ensuring that your business will be able to handle any transactions that comes its way.  An online retailer is much more likely to encounter customers that require a variety of different payment options.  The ability to handle a variety of payment methods will help to ensure sales.  The faster and easier it is for a customer to make a transaction, the more likely that customer is to return to that particular business time and again.

Online businesses can benefit from real time processing.  It makes it quick and convenient for customers to purchase products and services by using a variety of different credit and debit cards as well as traditional checks.  Processing checks electronically is an excellent way of offering customers another option when it comes to buying products online.  Many banks offer debit cards as a no cost extension on checking accounts but many Americans still do not carry credit cards.  Being able to offer a variety of payment processing options to your customers is the best way to ensure that they get the product they want and you get the money you need.

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ACH – Understanding the Benefits

Posted on December 10, 2010 by info@achprocessingonline.com

ACH – Understanding the Benefits
Among the improvements that we can credit to the Internet age is electronic payment processing.  The automated clearing house, or ACH, is a federally regulated means of making electronic transactions. This system makes it possible for banks to send money back and forth to one another electronically thereby processing huge numbers of payments efficiently in batches.  In order to make a payment, like when a transaction has taken place, the account holder authorizes the ACH to transfer money from their account to the individual or business that is receiving the money.  This process is incredibly efficient and very safe especially when compared to the way the transactions took place only a few years ago.
Rather than writing a paper check to a retailer, an individual can swipe their credit or debit card or even write a check and the payment can be handled almost instantly and electronically.  The retailer no longer has to take a paper check to his bank where it was processed slowly and usually over a few days before the money is finally deposited into his account.  Many consumers used to be able to try to “beat the bank” by writing checks that they did not have enough funds to cover hoping that they could deposit money before the check was actually cashed.
This often ended in accounts that were overdrawn and in checks that were returned for insufficient funds.  Retailers had to pay large sums of money to collection agencies in order to try and make the customer fulfill his obligation by paying for the products or services that he originally written bad check for.  Utilizing ACH check payment processing, however, transactions happen almost instantaneously and there is less chance for outright fraud and accidents which can cause difficulties for retailers when it comes to getting their money.
These new processing systems are also beneficial to customers.  They no longer have to sit with an unbalanceable checking account waiting for one auto retailer to finally deposit a check that was written days or weeks ago.  With electronic payment transfers, much of the human error disappears since the transaction process happens automatically and electronically.  These types of systems also enable retailers to offer their customers a variety of payment options.  This is very handy for retailers that operate online where they are likely to encounter a variety of preferred payment methods by customers from all over the country.

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Credit Card Processing – Not Every Company is Created Equal

Posted on November 29, 2010 by info@achprocessingonline.com

Credit Card Processing – Not Every Company is Created Equal

Most businesses realize that in order to truly be successful they must accept credit cards as payment. There are often numerous items that may stand in the way of this. Most often it is because credit card processing can be on the expensive option. There is often a base fee for being allowed to accept their card at the establishment plus a small percentage fee that is added on to every transaction that occurs when a customer uses that particular card. All of this can add up to lower profits for the business even though it could be a sale they may not have made otherwise.

Before deciding on which type of credit card processing company to use for business, an owner should examine several factors. These items include such things as the overall customer service rating, cost of start up, monthly fees, the amount of time it takes for the company to set up the system, point-of-sale capabilities as well as any internet based features. These are important factors when it comes to the issue of credit card processing and getting the best quality product for the best price.

It is important for people to choose the right number of credit card processing features for the size of the business. A smaller business may not need the same types of features as a larger business. They will most likely have a smaller budget to work with on a start up and monthly basis. This is an important factor to consider when looking for the right credit card processing company. Features to look for include a merchant account, virtual terminal, credit card swiper, e-check verification and even the ability to process online payments with a shopping cart and recurring billing. This is a bonus for those brick and mortar businesses wanting to move to online sales.

One last thing that should be examined in deciding on a credit card processing company is the security they offer both the main business and the customers. No company wants to risk having their customers’ credit card numbers stolen from their own database. While all processors offer security, not all levels are necessarily going to be the same. Be sure to find the one that offers the best security that will fit into the budget. Once these major issues and items have been considered and weighed on importance, it is possible to choose the best credit card processing company.


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ACH Processing Service – The Choice of Many

Posted on November 5, 2010 by info@achprocessingonline.com

ACH Processing Service – The Choice of Many

ACH, which is short for Automated Clearing House, refers to a company that processes electronic payments for large and small companies.  The ACH processing service is set up to allow individuals and businesses to make a variety of payments online either one at a time or on a recurring basis.  These payments can be to small companies or even to utility companies.  This style of bill payment has become very much the norm in the world of banking and finance and is actually encourage by many of the companies that use it.  Individuals who choose to set up a recurring bill payment using these services are often rewarded by the payee sometimes in the way of a discount.

Individuals need only sign up for ACH processing service through their payee and from there the service will do the work.  This takes the place of the old system of passing paper checks.  Paper checks often take a great deal of time and money to process.  It takes time to make out the checks each month, put them in envelopes and after paying for postage, mail the bills.  In addition, it can take as many as ten days for the funds to clear the account when using paper checks.  Most of the ACH services clear immediately to a couple of days.  This can be a big time saver for individuals who need to ensure the bill is paid immediately.

Those people who choice to set up recurring payments using ACH processing service will find that they spend far less time paying and tracking their bills than they once did when using paper checks.  This is important time that can be better put to use.  As for keeping track of the finances; the ACH service helps keep track of those payments by providing reports and receipts to the individual as they choose.  This eliminates the need for large stacks of paper in the filing cabinets and is much easier to retrieve if they are needed for reference.

It is not a surprise that ACH processing service has become so popular in a world that is so very tightly scheduled and committed.  Individuals often are limited in the amount of time they have to spend in a day and every bit of the time spent paying bills can easily be taken up with other important tasks.  The ease of using ACH services only lends to the draw of such a convenient system and the safety record for these services leave little reason not to use them.

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ACH Services – What Exactly Are They?

Posted on October 18, 2010 by info@achprocessingonline.com

ACH Services – What Exactly Are They?

Anyone who has a checking account has heard the term ACH services at some time or another. If nothing else it is listed on their monthly banking statement. The question that often arises is what exactly does ACH services refer to and why is it listed on the average bank account statement? It is possible to ask the person on the other end of the bank’s customer service number, but there are few people that want to wait that long for a simple definition. For those that have not seen this terminology, it may seem like a foreign language. This is not the case.  It is merely the reference for the type of transaction that has occurred.

The basic definition of transactions labeled as ACH services are essentially electronic payment processing. This means that the payee agree for a company to process an electronically generated check to be processed to their checking account in order for a debt owed to be paid. This is generally used by credit card companies that are attempting to get payments from customers. Any automatic payments to companies such as the electric or phone companies are often processed using the term ACH services. This is handled by a division of the company wanting the money or a separate business.

There are also companies that offer ACH services as independent businesses. They exist solely for the purpose of processing electronic checks, handling merchant accounts in regards to processing credit cards and actual check approval or verification for businesses. These types of businesses make it possible for accurate payments to be made properly and successfully. They utilize special software in order to check that funds are available and in getting money for companies that have had a customer’s check come back with insufficient funds. Handling this sort of thing allows the original company to concentrate on performing well for customers.

Companies that offer ACH services work with numerous types of businesses. These include the average retail store, internet only businesses, telephone orders, wholesale businesses and service based businesses. Each business can choose the type of services and software that they want to use. There is normally a list of the choices that are available, although some companies prefer a more personal touch and ask for an email or phone call to help determine a company’s needs. ACH services are important for completing any electronic transactions in this age of how business is conducted.

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Online Payment Processing – Online Payment Processing is Easier than Ever for Businesses and Consumers

Posted on September 20, 2010 by info@achprocessingonline.com

Online payment processing is easier than ever for businesses and consumers whether they are new to using such systems or experienced. Systems are great for providing extremely fast credit and debits. Payments made online are safe too when merchants are set up properly and authorized by banks under ACH and Federal Reserve monitoring. Businesses can set up systems easily and transport them in most cases as needed. Customers can make purchases from any place they can access the internet, day or night. Businesses benefit with efficient, built-in record keeping software abilities as well as being able to email invoices to customers to remind or confirm a recurring billing authorized previously by the customer.

Businesses and consumers benefit from simple online payment processing options with credit and debit cards. Equipment and software is easy to use. E-checking is also a great benefit for everyone. Whether it’s a direct deposit of payroll or other payment, funds are available and authorized so much faster with e-commerce. The faster money flows between businesses and clients, the more business can build momentum and grow. Certainly customer service remains an important element of the process. While technology can speed things along, customers really do want the option of being able to talk directly to a company’s customer service representative without a lot of phone prompts or hassles.

Businesses must first apply and be authorized with a merchant account to offer online payment processing. This is to protect both businesses and consumers from fraud and theft. Online statements to both businesses and customers help everyone stay organized. Resolution of any disputes is also faster than ever, thanks to the accuracy and record keeping offered by internet payment service providers. Whether your clients are calling into a telemarketing phone base to buy goods or purchasing them directly from your website, electronic payments help you do business efficiently.

In current economic conditions, businesses and consumers are more concerned than they have ever been with getting quality goods and services they need for the right price, with timely delivery and customer service and delivery options. People are working long hours and often don’t have the time or gas money to be driving around to the bank and stores if they can avoid it. Online payment processing is one of the most valuable tools out there that can help a business succeed, especially those with an internet presence. Consumers who can purchase directly from your website enjoy the convenience and your business can enjoy immediate payments.

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ACH Processing- Getting Your Money a Priority

Posted on September 9, 2010 by info@achprocessingonline.com

Are you tired of dealing with customers who simply don’t make it a priority to pay their bills on time? Is your business busy, but your bank account is still low because you have trouble making sense of invoices and getting checks to the bank on time? Thanks to the
efficiency of electronic record keeping systems and the accessibility of
the internet, many people are switching over to ACH processing, so that they can offer more advanced payment and billing options to their clients. When you make it
easy to pay, you clients are much more likely to get you your money in a timely fashion.

If you had an urgent question for one of your suppliers, would you sit down and write them a letter, sealing it in an envelope and sending it off with the postman? Or would you rush over to your computer and jot down a quick email containing your query? The internet has made it possible to communicate with people much faster and with greater
efficiency, so why shouldn’t it do the same thing for your payment and billing processes? Automated Clearing House, or ACH processing, is a batch-oriented electronic funds transfer system that allows a way for banks to work together in the clearing of electronic payments.

You might be thinking that while ACH processing sounds like it would be efficient, reliable, and far more convenient that waiting for all those paper checks to clear into your
account, it’s got to be too expensive for your small business to handle, but you would be wrong. In most cases, these electronic transactions are very inexpensive, sometimes as little as nineteen cents per single or recurring transaction. This means that for a small
investment, you’ll be able to get big returns in the form of saved time and money.

If you think that you’re business is getting along just fine without ACH processing, think about the fact that over forty percent of all Americans are already using some form of electronic payment processing to pay at least one of their regular or reoccurring bills. This is proof that people are able to adapt to these systems, and that they actually prefer them
because it helps them to keep their accounts up to date, and receive better service from the businesses that they patronize. If you’re interested in making your business more efficient and profitable, it’s time to consider making the switch.


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