Financial Services
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…
Read MoreAdvantages 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…
Read MoreWire 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…
Read MoreCredit 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…
Read MoreA Short Guide to Payment Gateways and ACH Payments
When you first start ecommerce research, It’s easy to get confused. Yes, the information is readily available, but sometimes, it’s puzzling, technical, and even contradictory. For example, you probably know you need a merchant account so that you can accept credit cards from your customers. But then you start to hear about networks, gateways, clearing…
Read MoreDo You Really Need a Merchant Account?
If you sell any product or service and if you want your business to flourish, a merchant account is practically mandatory. But what exactly is a merchant account? It is a type of banking account that allows businesses to accept predominantly debit and credit card payments. A merchant account opened is under an agreement between…
Read MoreACH vs. eChecks: What’s the Difference?
The terms ACH and eChecks are used synonymously, and there is only a minor difference between the two. To better understand this difference, consider the definitions of each term. What are eChecks and ACH? ACH, or Automatic Clearing House, is the process of the electronic moving of funds between bank accounts. It is a type…
Read MoreWhat is an ACH Payment?
An Automated Clearing House or ACH is an electronic network for financial transactions that process large volumes of credit and debit transactions in batches, including direct deposits, payroll payments, insurance premiums, mortgage loans, and point of sale check conversion transactions. Effectively an ACH is a computer-based clearing facility between depository institutions. Previously ACH transactions were…
Read MoreHow to Prevent Online Fraud
We’ve all been warned about con artists, and most of us probably think we’re too smart to fall for their scams. However, being lured is easier than you’d think. Remember, these are professional liars who are skilled at gaining your trust and using that trust to steal from you. Unfortunately, the online con artist is…
Read MoreHow Does Electronic Check Payment Processing Work?
When we say ‘electronic check’ (or e-check), a lot of people assume we’re referring to a soft copy check, meaning a paper check has been scanned or photographed and sent my email, text, or instant messaging. This isn’t necessarily true. An e-check actually has several differences. For one thing, a paper check is sent by…
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