ACH Payment Processing

ACH Payment Processing

Understanding ACH Payment Processing

ACH stands for Automated Clearing House and is a method to electronically transfer funds from one bank account to another. This method has been in use for more than 40 years and was introduced as an alternative to traditional money transactions through paper checks. It is more convenient, faster, secure and cost-efficient way to transfer funds.

ACH payments are under the control of the ACH network which is further monitored by the National Automated Clearing House Association (NACHA). NACHA regulates the electronic payments so that depositary financial institutions can become a part of the ACH network.

Who can Use the ACH Payment Processing Method

The ACH payment processing method can be used by both business organisations and governmental institutions. It can be used for payroll deposits and tax returns. More and more people are adopting the ACH processing because it is a safer way to set up recurring bills for loans, utilities and mortgages as compared to the traditional payment methods.

Uses of  The ACH Processing

ACH processing can offer a wide range of benefits for business over other payment solutions, allowing ACH payment processing to be utilized for many purposes.

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How Does ACH Processing Work

There are 4 stages of ACH payment processing, this process includes: Authorization Stage, Fund Transfer Initiation, Primary Fund Transfer, and Secondary Bank Transfer.

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Facts and Statistics

ACH payment processing’s statistics shows that it is a superior method of conducting financial transactions, allowing ACH users to enjoy better efficiency, higher security and lower cost.

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Contact Us for Information about ACH Processing by ACHProcessors

For further information on ACH payment processing, we welcome you to contact us. You can get in touch with us using the form on our contact us section. We typically respond back within 24 to 48 hours after receiving your message and provide all the relevant information on ACH payment processing required by you.

Getting started with our ACH processing solution is easy, and starts with getting in touch with us.