Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sundanese Sundanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu



Article Navigation

Back To Main Page


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

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,
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 ( 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

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
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

** If you choose to use this article please be
kind enough to email me at
with the word "Article" in the subject.

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


©2005 - All Rights Reserved

Total Views stat / Page Views stat

Advertise Here

web page counter