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ACH processing is the low-cost alternative to cards and checks
ACH Processing 101: What is it, and what can it do for me?

Have you noticed that when your customer swipes a debit or credit card at your POS, there’s a slight pause before the payment goes through? That pause is of primo importance to you and your business – it’s the Automated Clearing House, or ACH, making sure there are sufficient funds available to complete the payment.

The ACH is an electronic payment network used by individuals, businesses, financial institutions, and government organizations, and they’re kind of a big deal. Their nationwide computer network processes 98% of electronic payments in the U.S., including debit card payments, automated online bill payment, individual online bill payments, and business payments.

So why should you care?

ACH payments have exploded in recent years because of the low ACH cost compared with credit cards, debit cards and paper checks. With ACH processing, collecting payments from customers is made easier, safer, and more convenient.

ACH payments are frequently called eChecks or electronic checks because they work like traditional checks. The difference is you don’t need to produce, track and process eChecks, making them a safe, inexpensive, and efficient way to collect funds.

Not only is the ACH cost vs check a no-brainer; ACH processing makes taking payments online or over the phone more affordable than ever. Combined with diligent verification of the authenticity of the authorization, ACH/eCheck is the clear choice for cashless POS transactions. ACH payments can be initiated as credits or debits, and as one-time or recurring payments.

Tens of trillions – yes, trillions – of dollars in payments are processed through ACH every year.

Are you ready to get in on all of this electronic action? Good!

First ACH just happens to be an ACH processing provider.

That means we can:

  • Deduct money from customer accounts on your behalf
  • Deposit money into your vendors’ accounts
  • Set up auto-recurring payments on a weekly, biweekly, monthly, quarterly, annual or semi-annual basis
  • Provide access to our comprehensive Customer Manager, where you can update customer profiles, manage accounts, and create customer groups for easier payment management

To find out how much you could be saving with ACH/eCheck payments, talk to a team member today.