Credit Cards Information

Article Navigation

Click Here for more articles

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

or visit
------------------------------------------------------

Circulated by Article Emporium

Read Articles:

Don't Get Hacked - Best Practices For Protectin...

High Volume Merchant Accounts

Business Plan Basics

Restaurant Merchant Accounts

Find The Best Merchant Account

Home Equity Loans ... Wise or Unwise?

Wireless Merchant Account?

Internet Payment Solutions - Need One?

Identity theft: Safeguarding Can't Hurt

Contactless Payments: Where's Debit and who wil...

MasterCard: Then, Now and Why

Save money basics

How to register a company

More Article Pages 1 - 2

How to Find the Best Low APR Credit Cards
by: Morgan Hamilton

Low APR credit cards are much more prevalent than in years past. Competition is stiff and credit card financial institutions offer many nice perks, rewards, points, low annual percentage rates (APR) and other inducements. They want to capture new customers who've never had a credit card but also those who already have a credit card and might like to save money by transferring that card's balance on to their new low APR credit cards.

Of course, there is nothing lower in an APR than zero - and those exist too, although sometimes for a limited time period. It may be that the lowest, or even the zero percentage APR is for an introductory period, after which the rate is higher. The permanent APR is what you want to watch out for, of course. Although if you're not opposed to doing a lot of switching, you can always purchase a low APR credit card, or zero percentage APR credit card, transfer the balance from your current high APR credit card, and then, once the introductory time period has expired and the APR is about to go up on your newest credit card, transfer the balance yet again to a brand new low APR credit card.

Let's look at a few of the low APR credit cards out there, so you know what kinds of options are typically available to you.

Citibank, for example, offers low APR credit cards that give you five percent cash back on any purchase you making at grocery stores and gas stations with your low APR credit card, and one percent back for any purchase elsewhere. The APR on transfers is zero for the first year. If your transfer transaction is at least $1500 you will earn $5 cash back with the low APR credit card. There is no annual fee and the APR after the first year is 12.24 percent.

Discover has a platinum clear card whose low APR is continual. The first year the APR is zero, but after the first year it's still a very competitive 9.99 percent. And there is no annual fee. With these low APR credit cards you earn a five percent cash back bonus on purchases made from hardware and home improvement retailers, restaurants, book vendors, and gas stations. If the retailer doesn't qualify you for the five percent discount you will always get one percent back no matter what you buy and from where with this low APR credit card.

Chase Bank offers low APR credit cards as well. Its zero percent APR is good for six months, after which you will pay 10.49 percent. These low APR credit cards have no annual fee, and offer rewards at the rate of one point for every dollar spent with your Chase card. You can get free airline flights and hotel rooms, as well as cruises and auto rentals. This card also provides $500,000 worth of travel insurance for worldwide vacationing. You can also take advantage of a fifteen percent discount off a Hertz car rental with these low APR credit cards.

This Static Spot is open for sponsor

This Static Spot is open for sponsor