At Mountain Star Payment Processing, we’re proud to help small businesses process ACH transactions cheaper than most banks.
So what exactly is ACH, and how can it help small businesses? The Automated Clearing House (ACH) Network supports money movement and related data electronically, according to the electronic payments association NACHA.
With this form of processing, money is pulled directly from a client’s account into your own. This can reduce costs while avoiding problems such as chasing payments and waiting for late checks or waiting for clients to replace expired credit cards.
On its website, NACHA provides several additional details about ACH that are helpful to note:
- Transactions are processed quickly—generally in about one business day.
- It is a batch system in which transactions are accumulated throughout the day for later processing as a group.
- Information is transferred electronically rather than by check, which enables cost-savings and faster processing.
- In 2012 alone, the ACH Network managed $36.9 trillion in transactions
At Mountain Star, we offer a number of ACH services. We can provide the software and processing to run automatic ACH payments each month, each week or however often you’d like. You will get daily or live reporting on transactions that have run as well as alerts if something is declined.
Finally, we can help you set up a vault or database that stores customers’ credit card or bank into to ACH while complying with PCI and HIPPA.
Whatever your payment processing needs, we look forward to helping your business save time and money so you can get back to helping your customers.