ACH (Automated Clearing House) transactions refer to the electronic check transactions which leverage an existent inter-bank network between the financial institutions for payment remittance. The ACH transactions are made using API that the merchant is using. These transactions are directed to the seller’s bank and then sent to the customer’s bank through the ACH network. Funds are finally released to the Originating Depository Financial Institution, that is, the merchant’s bank. ACH API payments have turned out to be one of the popular types of electronic payment. ACH processing is done fast and it saves a lot of time.

ACH API is ideal for the businesses that are planning to expedite the cash want to accelerate their cash flow from the conventional paper processing of checks. The enterprises that get piles of checks like accounts receivable entries, pre-authorized bill payment, back office conversion and accept check payment over the web can resort to ACH processing of the checks. As mentioned earlier, ACH check processing is done in a short period of time and the time saved in the process accelerates the movement of the funds. Those resorting to ACH processing do not have to wait for a check to clear. Judging for this perspective, ACH payments can ameliorate the cash flow position of a business.

The cost of API transactions, of course, depends on the Merchant business profile. However, ACH API is not as expensive as the credit card transactions. You need to shell out only a few pennies as ACH transaction fees. You can also choose to go for monthly ACH transaction fees for bulk ACH processing.

ACH processing is one of the best and fastest methods to process payments. It helps you save the time required for preparing paper invoices and paper checks and visit the banks for check processing. Looking for this perspective, it leads to cost savings for your company. The chief benefits of the ACH API transactions have been summed up below:
• Reasonable transaction fees
• Faster submission of checks to the issuing financial institutions
• This sort of transaction can be done online.
It is a great payment method for the customers who do not prefer credit card payments but like to do the transactions online. Like credit payments, ACH API transactions are highly secure. In this payment method, all the payments are done through web pages. All sensitive data are saved on secure and compliant servers.

ACH API transactions can be done through various methods. Some of the common ACH transaction methods have been discussed below:
• ACH payments can be done online. As stated earlier, the Web Initiated Entry is done through secure web pages. The Web Initiated Entry is done by entering data into the network. Thus, when your customer service professional is talking to a client over the telephone, the CSR puts the information provided by the client into the web payment pages. This type of transaction is referred to as web transaction.

• CCD: CCD or Corporate Cash Disbursement is ideal for business to business transactions.

• PPD: This payment method is mostly practiced for preauthorized bill payments.

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