|
|
|
| Top 5 Reasons Your Business Needs ACH Processing |
| By: Wayne Akey |
Word Count= 514
Word wrapped to 55 characters-per-line
Please feel free to publish this article in your
Newsletter or on your Website (with Resource Box
Included and Acive Links).
'Top 5 Reasons Your Business Needs ACH* Processing'
by Wayne Akey
wakey@ach-payments.com
Almost any business, on the Net or not, can benefit
from using the ACH system to electronically move
money. Here are the top 5 reasons why:
1) Accepting checks via your web site.
Everyone knows you have to accept credit cards to
succeed online. The problem for many consumers is that
they either don't have a credit card or are at their
credit limit. The good news is that the vast majority
of these consumers have a checking or savings account
that you can access for payment.
Using ACH processing allows you to accept payment from
a checking or savings account electronically. Funds
are debited from the customer and credited to the
business owner. Issues such as bounced checks or
closed accounts can be addressed through a combination
of fraud screening and collection tools. This includes
the ability to verify in real time that the account
number the customer uses is valid and that there is
money in the account.
There are many providers. PayPal, http://www.paypal.com
is perhaps the best known. There are more economical
options available. The processor you elect to use
should have experience, a client list and easy to use
web site integration tools.
ACH processing can be much less expensive than credit
cards. On a typical $100 transaction you could pay
$2.75 or more for a credit card as opposed to .35 or
less for an electronic check with no discount rate.
Using ACH processing can also save a great deal of
money if you receive an NSF (non-sufficient funds)
check. Depending on what your bank currently charges
you can save 90% or more.
2) Accepting checks via phone.
NACHA (http://www.nacha.org) the governing body of
electronic transactions now allows a business to
electronically debit a consumers account for
payment taken by phone. Similar savings to web
transactions are possible. You can offer a new payment
vehicle to your customers and cut costs. Verification
services can reduce fraud and the charge back window
compared to credit cards is shorter.
3) Recurring payments.
If your site collects a monthly fee from consumers or
businesses and you only use credit cards you are both
paying too much and losing a significant percentage of
users who would pay electronically via ACH.
4) Electronic pay-outs.
If you pay affiliates by mailing checks you could be
electronically crediting their account. No postage
or invoice costs. Automation of payments is possible.
You can also pay employees and vendors via ACH.
5) Processing mailed payments.
Your bank probably charges between $10-$20 for
returned checks. You can convert these paper checks
to electronic transactions and get your money faster,
avoid expensive returns and trips to your bank.
These are 5 solid reasons your business needs ACH
processing. The bottom line is that it can save you
time and money while offering customers a payment
alternative.
Partner with a reputable ACH processor and you can
enjoy the multiple benefits of ACH payment processing.
These include reduced costs and time as well as
automating manual tasks.
*ACH refers to the Automated Clearing House and
generically means money moves electronically.
©2004 by Wayne Akey
http://www.ach-payments.com
------------------------------------------------------
ABOUT THE AUTHOR:
Wayne Akey has helped numerous businesses save
time and money with ACH processing. Get your
free report on how your business can benefit
http://www.ach-payments.com/software/secrets.doc
or visit http://www.ach-payments.com
------------------------------------------------------
** If you choose to use this article please be
kind enough to email me at wakey@ach-payments.com
with the word "Article" in the subject.
About the author:
------------------------------------------------------
ABOUT THE AUTHOR:
Wayne Akey has helped numerous businesses save
time and money with ACH processing. Get your
free report on how your business can benefit
http://www.ach-payments.com/software/secrets.doc
or visit http://www.ach-payments.com
------------------------------------------------------
|
|
| Keywords: use credit cards, processing, credit card processing, credit cards, cards, ach processing, credit card, using ach processing, credit, accept credit cards |
|
| Credit Card Processing News: |
|
A financial primer for Gen Y
Gen Y seems like a savvy and entrepreneurial
generation that can capitalize on what it already knows to get
ahead. Here's how to get started.
Self-help guide for consumers
Homeowners, savers and investors shouldn't feel bad if they
are confused by the trend of banks collapsing. It's obvious the experts are confused,
too.
Marriage and money
How you handle money at the beginning of your marriage can
have an enormous impact on the rest of your lives together. Or
your lives not together.
Tips for retirement home buyers
Real estate prices have taken a tumble in the most favored vacation and retirement home markets, making it tempting for buyers scouting for getaways.
Keep watch on your credit file
There are easy, genuinely free ways to stay on top of your credit files and use them to save money. Here's what you need to know to do that.
|
|
|
credit card processing - research center! debt, debt and debt
... credit card processing provides short-term consumer loans, known as interest only ... wholly owned subsidiary, credit card processing,inc . The credit card processing also provides ...
Credit Card Processing
... credit card processing 3rd party processing and credit card accept card card credit credit processing accepting card card credit credit ...
High Risk Credit Card Processing Merchant Service & Card Processing with free credit card processing set up
... quickly go to work for you to find the best possible credit card processing solution for your business ... We can obtain a credit card processing account for higher risk merchants ...
credit card processing - Top information. Great pay day loan rates
... credit card processing.com has active partnerships with leading chase sites, industry leading chase lenders ... for its users. The credit card processing network includes over 10,000 ...
Credit Card Processing - Accept Credit Cards with Credit Card Machines
Credit Card Processing - Accept credit cards with credit card machines provided by CardPay.net. Become a high volume merchant account. ... CREDIT CARD PROCESSING SERVICES. OPEN A SMALL OR HIGH VOLUME MERCHANT ACCOUNT ... associated with each credit card processing transaction. Credit card processing has become a form of ...
Credit Card Processing : Instabill.com
Instabill.com - Affordable e-commerce for webmasters around the world. Accept all major credit cards within 24hours. No software, hardware, Start up fees, or merchant account required! ... CREDIT CARD PROCESSING. Merchant Accounts and Credit Card Processing. If you require a merchant account we can help you set up ...
Credit Card Processing - No Setup Fee - Low Rates - Card Processing
... credit card processing, online credit card processing, credit card processing software, credit card processing ... account credit card processing, credit card payment processing ...
Credit Card Processing Services,Credit Card Processing Equipment,Credit Card Merchant Account Services, Accept ...
Credit Card Processing,Credit Card Processing Software,Credit card procesing machines, Merchant Services, Merchant accounts, Accept Credit Cards,Credit Cards, Merchant Account Services, Point of sale solutions by Paynet Systems, Inc, Alpharetta, ...
|
|
|
