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What-Is-a-ACH-payment-processing-&-how-does-It-works

ACH payment processing is a service that allows businesses to accept payments by bank transfer.

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What-Is-a-ACH-payment-processing-&-how-does-It-works

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  1. What Is A ACH Payment Processing & How Does It Works ACH payment processing is a service that allows businesses to accept payments by bank transfer. ACH stands for Automated Clearing House, which is a network that processes electronic transactions between banks

  2. When a customer makes a purchase from a business that uses ACH payment processing, their bank account is debited and the funds are transferred to the merchant's account. ACH payment processing is a safe and secure way to accept payments, and it is often used for recurring payments such as subscriptions or membership fees. It is also sometimes used for one-time payments, such as when a customer pays their electric bill online. ACH payment processing is cheaper than credit card processing, so it can be a good option for businesses that have a lot of small transactions.

  3. To use ACH payment processing, businesses need to set up an account with a payment processor. They will then need to provide their bank account information and routing number so that the processor can connect to their bank. The processor will also need the business's Federal Tax Identification Number. After the account is set up, businesses will need to provide their customers with instructions on how to make ACH payments. Customers will need to have their bank account information and routing number handy when they make a purchase

  4. Once a customer has made a purchase using ACH payment processing, the funds will be transferred to the merchant's account within two to three business days. The money will then be available for the business to use right away. ACH payment processing is a convenient and affordable way to accept payments, and it is a good option for businesses that have a lot of small transactions.

  5. https://www.hostmerchantservices.com/

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