Financial Services
What is High-Risk eCheck Processing for Business?
Businesses increasingly need to accept online payments. Products and services that used to be sold through a conventional POS (point of sale) systems have moved to online payment processing systems. This shift occurred gradually at first, and has speeded up substantially, partly as a result of the 2020 COVID-19 lockdowns. This means that stores that…
Read MoreIs eCheck Safe? Know the Risks
Written checks have fallen by the wayside in terms of popular payment methods. But eChecks are more popular than ever. Accordingly, businesses that have integrated online payment methods into their infrastructure–and those that haven’t really should–may be concerned about the safety of eChecks for their customers’ sensitive financial information. There are a few reasons that…
Read MoreWhy eChecks are important to online businesses
Whether you’re using eChecks or trying to figure out how to process them on your business’s website, eCheck services are an important part of conducting merchant services online as a small or large business. Especially during the coronavirus lockdown when internet services are prioritized, it’s important to know what eChecks are and how to accept…
Read MoreWhat to Do if Your Business is High-Risk for ACH Processing
Automated Clearing House (ACH) debit is a very commonly used payment method in many online stores. It involves withdrawing funds automatically from an account processed by an ACH processor. This gives it an advantage in efficiency over many other sorts of payment types. As someone who runs a small business with an online component, it’s…
Read MoreHigh-Risk ACH Processing: What You Need to Know
ACH (Automated Clearing House) payments are used by many online merchants to process payments. ACH transactions are verified electronic transactions that confirm withdrawal from a customer’s bank account and receive the money through a payment processor. As a business, however, you may be worried that being classified as a high-risk ACH processing industry may prevent…
Read MoreACH Payments vs Checks: When to Use Them
With businesses scrambling to optimize their stores for online purchasing methods, knowing the difference between these methods has become much more important. Automated Clearing House or ACH payments can make up a significant portion of your business’s transactions online. Optimizing your site for people who want to use an ACH transaction to pay for your…
Read MoreWhat is High-Risk ACH Processing?
As someone who runs a small business that accepts credit cards online, it’s wise to know about high-risk ACH processing and how it could affect your business. You’ll have to plan ahead if you want to find payment solutions to this obstacle in creating a sustainable merchant platform for the online portion of your business.…
Read MoreAre eCheck Services Safe?
Consumers in the modern age are always looking for new forms of electronic payment to make their lives more convenient. Especially during the COVID-19 lockdown, physical transactions are being replaced with more systems for electronic payment processing. This means that echeck services will be used more often and are being considered by more and more…
Read MoreWhat is an ACH Transaction and What are the Benefits?
ACH or Automated Clearing House payments electronically process payments by automatically taking money out of a checking account to make a payment. It is an automatic transaction method as opposed to the payment approval processes of writing paper checks or using a debit or credit card. In order to conduct an ACH transaction correctly, it…
Read MoreA Guide to EFT vs ACH Payments
The electronic payment industry has given rise to many different ecommerce credit card payment systems that businesses can offer their customers to make purchases. Users can take advantage of these systems if they know the benefits and drawbacks of each. In 2020, fewer people than ever before will pay for goods and services with checks…
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