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ACH payments, in which funds are drawn from a customer’s bank account over the ACH (Automated Clearing House) network, offers some distinct advantages over processing paper checks. Specifically, ACH payments can save you both time and money.
READ MOREEstimates suggest your business could be spending $24,540 annually just processing paper checks.
READ MOREBusiness owners turn to 3dcart for a comprehensive, easy-to-set-up e-commerce solution. They can set up their online stores in minutes and expand their sales online. The 3dcart software is fully hosted, packed with e-commerce features ranging from inventory control to shipping to customer service and marketing, and comes with 24/7 free tech support every day of the year.
READ MOREEducation providers, ranging from day cares to universities, have a variety of industry-specific needs. Teachers at elementary schools might need to access dietary and emergency contact information for their students, whereas administrators at a college might need to update course information for student registration.
READ MOREACH offers many advantages over paper checks, including faster notification of acceptance or failure. That said, ACH reject codes still come days after the transaction is initiated — and sometimes incur an ACH reject fee — so it’s important to know how to resolve these rejects and provide the right information to your customers.
READ MOREA notification of change (NOC) occurs when the bank sending funds notifies the bank receiving funds that some portion of the once-valid information has changed. This could result from a bank buying another bank, which would cause routing numbers to change. With NOCs, ACH transactions will run successfully, but your business will incur a fee. These notifications of change are inevitable, but they could eat away at your profits if you’re not with the right provider.
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