Keep your business liquid with ACH payment processing
Posted by juliamarks82 on August 7th, 2011
If you have one of your major worries as keeping your business sufficiently liquid then we have a fantastic solution for you. This is a solution that all major businesses have adopted and they have got immense benefits out of it. This is a solution that allows you to collect payments from customers instantly even when they are pay directly through their savings or checking account. The Automated Clearing House or ACH payment is a process where money is debited from your customer’s account and credited to your business account instantly. ACH processing is fast and secure and there are many ACH payment processing solutions available in the market.
The modern customer rarely pays with cash. In fact, those that pay with cash are often looked upon suspiciously. Credit card is the most preferred mode of payment. However, there are many customers that don’t want to use their credit card or don’t have one. These are the customers for which you should use ACH processing. When you partner with a professional ACH payment processing provider you allow the customers to pay through net banking or using an eCheck. With this additional functionality now available on your website think of all those additional customers that you can now reach out to.
The way ACH processing works is very simple. When you are in the process of selling something online you give your customer either to pay through phone or through your website. When the customer pays through phone they give their account information. The ACH payment processing provider enters this information in an electronic check and feeds it into a virtual terminal. The money is credited to your account in less than 24 hours. When the customer wants to pays online they are directed to the payment page of your website. They enter their account information and money is instantly debited from their account and credited to your account. This is made possible through ACH processing.
There are various other solutions available through ACH processing. You can set up your customer so that they can pay off the purchased product or service through installments. The ACH payment processing can be set in such a way that your customer’s account is debited on a fixed date every month and it is transferred to your account. This process will automatically stop once all the installments are cleared off. And this entire process can be adopted for a single transaction or a batch of transactions.
This is not all because you can use the same ACH payment processing process to clear off your accounts payable. You can have money transferred from your account to another payable account at the click of a mouse. If you want to issue refund to your customer you can do so instantly through ACH processing. Imagine the amount of goodwill your business will garner.
ACH processing is here to stay and the faster you adopt it the better it is for your business. Get your professional ACH payment processing provider today and reap the benefits of a really liquid business.
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When you have a business one of the major worries is keeping it liquid. With a professional ACH processing in place you will be able to achieve this. There are professional ACH payment processing providers that can help you immensely with this.
