With the increasing movement toward an electronic, interconnected and mobile infrastructure, it’s critical that electronic payments work safely and efficiently for all users. The ACH Network enables just that: by using batch processing and a store-and-forward system, it moves almost $39 trillion and 22 billion electronic financial transactions each year.
What is an ACH Payment?
ACH stands for Automated Clearing House. An ACH payment is an electronic debit or credit transaction that enables customers to make payments from their bank accounts for mortgage loans, utilities and other types of bills, or to receive payments from other parties. A lot of people refer to ACH transactions as eChecks, and that’s cool too.
ACH Payments and ACHQ
ACHQ leverages innovative risk management technologies that allow companies to accept ACH payments safely via the web. This enables companies to focus on their core business and avoid the hassle of accepting and issuing paper checks. They also benefit from being able to seamlessly manage the reporting and reconciliation associated with ACH transactions.
There are a number of steps involved in accepting ACH debits, more commonly known as eChecks, from your customers:
ACHQ is focused on delivering the convenience of electronic payments by offering multiple payment solutions and payment methods, including ACH payment processing. At ACHQ, we differentiate ourselves with an innovative API payment solution combined with our extensive industry experience and expertise. Partnering with ACHQ means your ACH processing is in good hands.
Working with us you’re viewed as a valued partner rather than a customer. It’s a major reason why all types of companies of all sizes, from property management companies to vacation rental owners to non-profits and municipalities, accept ACH payments through ACHQ. Of course, it doesn’t hurt that we’re considered experts in the industries in which we work.