WHAT IS ACH/ECHECK PROCESSING?
ACH/ECHECK Processing gives businesses the ability to turn a paper check into an electronic form of payment. When the ACH check or “e-check” is created in the terminal or processing solution it automatically cues the clients checking information to deducted the amount specified.
IS IT COST EFFECTIVE?
ACH processing is usually a cheaper alternative to Debit/Credit Card transactions. Depending on business type you may find processing anywhere from a flat monthly rate to percentage, monthly and per transaction fees. Allowing clients to pay how they want however is the most important thing that ACH brings to the table.
IS ACH/ECHECK LIKE DEBIT/CREDIT?
The concept is the same but the actual process is completely different. When processing credit cards, the card networks tack on all sorts of interchange and fees which usually hikes up the cost of doing business. ACH doesn’t have to go through interchange which gives a less expensive method to accept payments.