Top 5 Reasons Your Business Of necessity
ACH Processing
by:
Wayne Akey
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'Top 5 Reasons Your Business Of necessity
ACH* Processing'
by Wayne Akey
wakey@ach-payments.com
Almost any business, on the Net or not, can benefit
from victimisation the ACH system to electronically come money. Here are the top 5 reasons why:
1) Acceptive
checks via your web site.
Everyone knows you have to accept credit cards to
succeed online. The problem for many an consumers is that
they either don't have a credit card or are at their
credit limit. The nice news is that the immense majority
of these consumers have a checking or savings account
that you can access for payment.
Using ACH process
allows you to accept payment from
a checking or savings account electronically. Funds
are debited from the client and attributable
to the
business owner. Issues such as bounced checks or
closed accounts can be self-addressed
through a combination
of fraud screening and collection tools. This includes
the ability to verify in real time that the account
number the client uses is valid and that there is
money in the account.
There are many an providers. PayPal, http://www.paypal.com
is mayhap the better known. There are more economical
options available. The processor you elect to use
should have experience, a client list and easy to use
web site integration tools.
ACH process
can be more less dear than credit
cards. On a typical $100 group action
you could pay
$2.75 or more for a credit card as opposed to .35 or
less for an electronic check with no discount rate.
Using ACH process
can likewise save a great deal of
money if you obtain an NSF (non-sufficient funds)
check. Depending on what your bank presently
charges
you can save 90% or more.
2) Acceptive
checks via phone.
NACHA (http://www.nacha.org) the governing body of
electronic transactions now allows a business to
electronically debit a consumers account for
payment taken by phone. Similar savings to web
transactions are possible. You can offer a new payment
vehicle to your customers and cut costs. Verification
services can reduce fraud and the charge back window
compared to credit cards is shorter.
3) Revenant payments.
If your site collects a monthly fee from consumers or
businesses and you only use credit cards you are some
paying too more and losing a significant percentage of
users who would-be pay electronically via ACH.
4) Electronic pay-outs.
If you pay affiliates by mailing checks you could be
electronically crediting their account. No postage
or invoice costs. Automation of payments is possible.
You can likewise pay employees and vendors via ACH.
5) Process
mail-clad payments.
Your bank probably charges between $10-$20 for
returned checks. You can convert these paper checks
to electronic transactions and get your money faster,
avoid dear returns and trips to your bank.
These are 5 solid reasons your business of necessity
ACH
processing. The bottom line is that it can save you
time and money spell offering customers a payment
alternative.
Partner with a good ACH processor and you can
enjoy the multiple benefits of ACH payment processing.
These include reduced price and time as well as
automating instructions tasks.
*ACH refers to the Machine-driven
Clearing Home and
generically means money moves electronically.
** If you choose to use this article please be
kind enough to email me at wakey@ach-payments.com
with the word "Article" in the subject.
Just about the author:
------------------------------------------------------ ABOUT THE AUTHOR: Wayne Akey has helped many
businesses save time and money with ACH processing. Get your free report on how your business can benefit http://www.ach-payments.com/software/secrets.doc or visit http://www.ach-payments.com ------------------------------------------------------
