Financial Services

How is ACH Different from a Wire Transfer?

When the ACH network was first developed in the 1970s, it was intended as a quicker, more convenient alternative to checks. Initially, ACH was only used for payroll and salaries. These days, it can be used for smaller payments, including monthly subscriptions and pre-planned expenses. The emphasis is on the planning. When you get into…

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The Benefits of ACH Payments

An Automated Clearing House, or ACH, is an electronic network for financial transactions in the US. An ACH processes large volumes of credit and debit transactions in batches. Businesses are increasingly using ACH online to simplify customer payments, rather than payments being made by credit or debit card. Using ACH gives you another payment option…

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How Do ACH Payments Work?

If you’ve been running an online business for a while, or if your face-to-face business has an online component, you may have noticed the increased prevalence of ACH payments. In the past, it was primarily an in-bank thing, but now it’s spreading to regular consumers and smaller digital enterprises. ACH stands for “Automated Clearing House.”…

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The Benefits of Applying for a Credit Card

In some markets, getting a credit card is really hard. The requirements are intense and it’s difficult to qualify. In other markets, credit cards are practically handed out in the mail. You barely even have to ask for it. This type of credit card often comes in the form of a store loyalty card. The…

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What is a Merchant Bank?

When you open an online store, you may design an ecommerce website, install a shopping cart, and facilitate payment options. On the surface, the process is pretty simple. Your customer visits your online store, puts their items in your online shopping cart, proceeds to checkout, and securely enters their credit card details. Depending on your preference,…

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The Rising Debate Over the Cashless Trend

A growing number of Washington businesses, and other establishments across America, are refusing to accept cash in favor of card and mobile payments. While most consumers prefer the convenience of paying by card, is completely removing the option to pay using cash really a good business move? Benefits of not accepting cash payments Companies going…

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Are ACH Payments Safe?

Automated Clearing House (ACH) has become a buzzword in the business world. It’s a network that links banks in the US, allowing them to safely and seamlessly transfer money to each other. ACH debits are only processed once or twice a day, but because they’re all done in a single electronic batch, it can significantly…

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Advantages of ACH Processing

The type of business that you run has a big influence on the modes of payment that you may wish to accept. For service industries and delivery-based businesses, cash-on-delivery is an option, but you might not want your staff handling large amounts of cash. It puts them and you at risk. It can be a…

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Wire Transfer vs. ACH

Electronic transfers of funds is a practical means of moving money from one place to another. It’s safe, convenient and trackable. Two of the most popular and established ways to move funds electronically include wire transfers and ACH transfers. A wire transfer is a real-time way of moving funds and supporting data immediately between two…

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Credit Card Fees Explained

Credit cards are a paradox. They’re the simplest thing to understand: you buy something by presenting your card, take your purchase home, and pay later. At the same time, it’s almost impossible for some consumers to comprehend how they accrued so much credit card debt, and why it seems to keep increasing with every week…

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