How to Get Started With ACH Payment Processing


Posted October 23, 2012 by joannaporter

In order to take your business to a whole new level, you should consider the idea of incorporating a good payment solution like ACH

 
In order to take your business to a whole new level, you should consider the idea of incorporating a good payment solution like ACH payment processing for your customers. When you adopt this kind of payment solution, your current customers would be very pleased to be able to conveniently make their payments and you will also be able to reach out and appeal to new customers. It goes without saying that more customers means more profit, therefore it would do you good to look for an ACH payment API, meaning Application Programming Interface in order to get started.

The ‘ACH’ in ACH payment processing actually stands for ‘Automated Clearing House’ and this is a highly secure and reliable form of electronic funds transfer system which is currently in vogue in America. When you set up an ACH network through ACH payment API you would be a part of the network which allows all the financial institutions, including banks, to connect with one another in order to process payments. It also facilitates e-commerce payments, debit card transactions, business-to-business payments, automated bill payments and direct deposit.

If you have made up your mind that you are going to set up the ACH payment processing system in your company then in order to get it up and running you will need to look for an entity that offers ACH payment api integration technology and services. You can use the web services of such website in order to integrate the applications that you have with the ACH functionality. As a merchant, you will definitely need to go for API integration so that you can start accepting ACH payments or eChecks from the savings and checking accounts of your customers who use ACH payment system.

Your primary objective is to look for a platform which not only provides ACH payment API integration but also enables you to set up recurring eCheck payments. Once you have integrated your applications with this kind of platform, you will also receive information pertaining to the status of payments. After the payments have cleared, the platform would transfer the funds from the customer’s card or ACH account to the bank account of the merchant. A platform for ACH payment processing means retention of banking relationship while still enjoying the benefits of an additional platform.

There is another way of getting started with ACH payment processing. This method doesn’t call for integration of your application with ACH payment API but rather the act of walking directly into the local branch of your bank. You can also call them up if you don’t have the time to visit the bank. This is a two-step process. First of all, you will need to obtain ACH service from your bank and secondly, you will need to create an ACH file in the acceptable or standardized format. This file should contain all the transaction information that you carry out using ACH processing system.

Any new business has various payment methods at its disposal and ACH payment processing http://payzang.com/index.php/products/ach-processing is one of them. Thanks to its many advantages it is preferred by many firms and one of the ways of adopting it entails incorporating ACH payment API http://payzang.com/index.php/features/api-integration to ensure smoothness in daily transactions.
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Issued By joanna
Country United Kingdom
Categories Technology
Tags ACH payment processing, ACH payment API
Last Updated October 23, 2012