WHAT IS ACH/ECHECK PROCESSING?

ACH/ECHECK Processing gives businesses the ability to turn a paper check into an electronic form of payment.  When the ACH check or “e-check” is created in the terminal or  processing solution it automatically cues the clients checking information to deducted the amount specified.

IS IT COST EFFECTIVE?

ACH processing is usually a cheaper alternative to Debit/Credit Card transactions.  Depending on business type you may find processing anywhere from a flat monthly rate to percentage, monthly and per transaction fees.  Allowing clients to pay how they want however is the most important thing that ACH brings to the table.

IS ACH/ECHECK LIKE DEBIT/CREDIT?

The concept is the same but the actual process is completely different.   When processing credit cards, the card networks tack on all sorts of interchange and fees which usually hikes up the cost of doing business.  ACH doesn’t have to go through interchange which gives a less expensive method to accept payments.

HOW CAN I ACCEPT ACH PAYMENTS?

ACH/ECHECK payment processing with Merchant Mike is as simple as it can get.  We offer several options to cater to all industries. Below are the main processing solutions for ACH Processing.including providing

  1. Online website payments / Checkout   This method is great for online businesses or industries that have continuous billing for services.
  2. Your business may also be provided with a Check Scanner which would automatically scan the check and turn the paper draft into an electronic transaction which would deposit into the business account.
  3. The most common method of accepting ACH/ECHECK transactions is through a Virtual Terminal.  A virtual terminal allows you to log into a online portal and create online check transactions on behalf of your clients.

Benefits of Accepting ACH Payments

Offer additional payment options to convert more customers at checkout
Provide an alternative for customers without credit cards
Reduce the risks common to accepting physical checks
Protect your business’s credit rating
Shorten check-payment acceptance times
Access processing reporting to rectify payment errors