What are ACH Payments?
Also called “direct payments” or “direct deposit,” ACH payments use the Automated Clearing House (ACH) network to transfer funds from one account to another electronically without having to use physical checks, eChecks, credit cards, or wire transfers. With over 24 billion transactions for a value of more than $55 trillion (yes, trillion with a “t”) in 2019, ACH payments have become a mainstay of today’s businesses.
Whether your business is sending or receiving funds, ACH payments allow you to transfer money safely and securely, all for much lower processing fees than wire transfers or credit card transactions. They’re the perfect way to facilitate payments for low-risk and high-risk merchants alike. No more messing around with deposit slips, pay stubs, or checkbooks. With Transcend Pay’s merchant gateway solutions, you can manage all of your ACH payments through a single, easy-to-access portal.