Managed by NACHA (the National Automated Clearing House Association), the network is much quicker than paper checks, which can never travel faster than the speed of mail.
Any electronic transfer of funds from one bank account to another can be made through ACH. Direct Debit via ACH is simple, safe, convenient and cost-effective electronic payments options that businesses of all sizes can utilize to make and receive payments.
Our ACH solutions are internet-based, so there is no software to install or update. Create and edit automatically recurring transactions and process payments securely on any device, at any time.
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Billing and Invoicing
Send quotes or invoices directly to clients via email. From there, customers can reject or accept the invoice and pay you directly online. This saves you time and provides your customers with a secure way to pay you quickly and easily.
Let Customers Pay How They Want
Today’s marketplace has created the type of consumer that craves convenience. Regardless of your business or industry, it’s important to let customers pay how they want to pay. Accept a full range of payment types and card brands, allowing customers to pay online, by phone or email. Our billing and invoicing platform is capable of accepting any payment, any time, any place.
Get Paid Securely
When customers click to pay, they will be linked to the payment form safely and securely when entering payment details. Available enhanced security features, include EMV, encryption and tokenization. Protect financial data and ensure compliance with the best industry security standards and regulations.
Why Use ACH Payment Processing?
ACH payment volume grew to over 23 billion transactions in 2018, marking the fourth consecutive year in which the ACH network added more than 1 billion new payments.
There were 7 billion payments made on the ACH Network during the 4th quarter of 2020, reflecting an 8.9% increase over the same period in 2019. Business-to-business(B2B) payments by ACH for vendor and supply chain payments rose almost 15% to 1.2 billion. Same day ACH volume climbed 35.7% over a year earlier, with 96.7 million payments in the 4th quarter.
This payment system is so popular because of its many benefits. Using electronic payments helps reduce errors, saves valuable resources like paper, ink and truck fuel and provides much greater security than using paper checks. Electronic payments are received quickly and reliably and there’s no time wasted getting checks to the bank and waiting for them to be deposited to your account (or bounced). ACH payments can be accepted remotely, like credit card payments, and are generally cheaper to process than card payments.
No wonder more and more businesses are making the move to electronic payment options.
Is ACH Payment Safe? short answer… YES!
ACH payments date back to 1974 when several financial organizations banded together to create regulations, standards and security for these types of money transfers. Today, the federally regulated network is overseen by NACHA. The non-profit organization enforces a strict set of controls and procedures for all parties using ACH payments.
4 Reasons to Use ACH Payments:
ACH as a Payment Solution: Great for Your Cash Flow
With an ACH transfer, the debit is reflected in the payer’s account immediately and quickly deposited to your account. There’s no guessing game. You can schedule ACH transfers for specific dates or as recurring payments so you know exactly when that payment will hit.
Your customers authorize your company to deduct an amount from their bank account. Within a day or two, that money lands in your organization’s account. You don’t have to wait for them to mail a paper check or hassle them to pay. The best ACH scenario revolves around recurring customer payments. On a set date, your business will automatically have customer payments in your account. It’s perfect for your cash flow.
ACH Transfers are Easy on the Wallet
When compared to other means of payments, ACHs are gentle on the budget.
Credit cards charge you to use them, either you pay in transaction processing fees if you are collecting money or you risk interest rates if you use them for payments.
Paper checks cost the most to use when you factor in the time, supplies and bank fees. While an ACH payment can cost 49 cents, a check costs $5 or more. If you process 20 checks a month, this will cost $1200 a year. If you went the route of ACH payments, it would cost about $118.
Customers Like ACH Transfers
ACH payments are secure and convenient, and customers are familiar with them. They use them for regular transactions, such as paying utility bills and accepting direct deposits from employers. By powering your AR with the ability to accept ACH payments, you’re giving your customers an option they might prefer over other payment methods. After all, you want to keep it easy for them to pay your business. Fewer labor hours mean less company expenses. Automation eliminates human error.
Get Paid Faster with ACH Payments
PayCard Tech gives your customers a choice of three easy ways to pay you online — by credit card, debit card or electronic ACH payment.
PayCard Tech payments are the cheapest, quickest and most convenient way to get paid electronically. There’s no setup charge, it’s a part of the package when you choose PayCard Tech for accounts receivable invoicing and automation.
- Set up one-time or recurring payments.
- AutoPay gets you paid on time every month — automatically.
- No manual entry — payments are automatically applied to your invoices.
- Automatic reminders — send out scheduled reminders before payments are due or send out overdue notices automatically.
- Offset other constantly growing costs of doing business.
eChecks & ACH Payments
A simple, reliable way to accept eChecks through our processing gateway.
Quickly Accept Payments
Quickly accept payment via eCheck or ACH, expanding the payment processing options available to your customers. While credit card transactions traditionally charge higher fees, payment via eCheck and ACH allows you to cut down on transaction costs without any extra hassle to your customers, enhancing customer loyalty and potentially increasing sales.
eCheck Solutions
Paycard Tech provides an exclusive, fully integrated eCheck payment solution to fit your payment processing needs. Using eCheck, your business can accept and process payments from consumer and corporate bank accounts directly from your website or through our gateway. By accepting eChecks, you expand the payment processing options available to new and existing customers, enhancing customer loyalty and potentially increasing sales.
With our eCheck solution, your business:
Is more efficient — eChecks do everything online, eliminating the cost and inconvenience of manually processing paper checks and waiting for checks in the mail.
Receives integrated reporting — provides a combined view of all electronic checks and credit card payment transactions. Reconcile payment and billing activity using online reports and statements.
Can ship product sooner — improved up-front transaction validation returns the status of transactions faster, so you can fulfill orders more quickly.