Who can use ACH? Any company, that receives recurring payments from customers or makes payments to vendor can benefit from using ACH transactions. ACH transactions are processed through your banks and most of the banks offer ACH support.
What are the benefits of using ACH? The accounts payable and account receivable process can be streamlined using ACH payment transactions. Processing checks – making vendor direct deposit and receiving customer payment – involves considerable staff time, delay in payment process and payment reconciliation issues. If you are receiving payments using credit cards, you will be paying 2-2.5% in credit cards fees….