Explore Receipt Examples for Payment for Businesses that Simplify Your Transactions

Receipt examples for payment for businesses

if you've ever used direct deposit for your paycheck or signed up for reoccurring payments where the merchant deducts the funds from your checking account then you've experienced ach payment processing first hand it's just one of the digital ways to move money from point a your customer's bank account to point b in your business bank account now that recent changes have made ach processing faster and easier to use you may be looking at this payment method with fresh curiosity how can business owners take advantage of ach payments and how do ach payments compare to credit card payments and other electronic payment options ach payments are electronic fund transfers between banks so ach payment processing is a convenient way to send and receive money using only a bank account number and routing number no checks cash or cards necessary there are two main kinds of ach transfers an ach debit transaction pulls or withdraws funds from an account an ach credit pushes or sends funds from an account businesses save time using ach payments because they eliminate the need to deal with fraud prone paper checks handle reoccurring billing manually or hunt down payments sent by mail businesses can also now send up to a hundred thousand dollars per transaction making it a better option for large b2b payments here's a high-level example of what happens when you request an ach payment your company sends an invoice to your client the client submits the invoice to their bank the client's bank enters the invoice amount and necessary amount information then batches it with the days of their ach payments your batched invoice payment is sent to your bank your bank credits your account for the invoice amount customers have different types of payment preferences like credit card debit card ach and so on so the more options you provide the more likely you'll have a happy customer and another sale to learn more about the ins and outs of ach payment processing read our blog post which goes into further detail on payment processing times transaction costs how to accept ach payments and much more or reach out to us we'd be happy to help and discuss how ach payments compare to other payment solutions you