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ACH “Automated Clearing House” a fund deliver system that processes e-payments and electronic debit and credit transfer. Incorporating electronic check payment solutions for your customers can take your business at new heights, as they do not have to go for complex payment process to transact.

Modernized E-business with Electronic Check Processing

electronic-check-processingThe modernized world demands fast, easy, secure and convenient services in different industry sector. And yes, this modern payment technology enables many people to enjoy the benefits of easy, fast and secure payments.

The emerge of electronic check processing given huge advantages in the payment industry, turned paper work into electronic transfer. Electronic check processing also known as e-checks and became an essential part of modern businesses.

How can you Modernized Business by E-checks?

E-checks are classifieds as the most valuable and modern types of payment transfer system for hassle free and low cost method of getting paid quicker. E-payment helps merchants to settle transaction and meet the payment processing needs without obstacles. The e-checks started over traditional checks given comprehensive range of services.

Electronic check processing enables merchants to transfer funds electronically from one bank account to another. Electronic check processing use Federal Reserve Bank’s ACH to transfer funds. The merchants enjoy speedy deposit without wasting valuable time. The service provides benefit like minimize the risk of check stolen or lost.

Check processing solutions increase revenue, reduce overheads cost and time consuming process to transact funds from one account to another. The merchants able to give valuable time to material things in planning, pricing and quality of product and services.

Benefits of E-check Processing                      

Eliminates the daily trips to bank for deposits and payment transaction.

Reduce the time to have funds from checks deposited into a bank account.

Reduces the chances of check stolen, lost and bad checks

ACH transfer is less expensive and can be done in batches

 

Wire or ACH? Which Payment Transfer You Will Choose?

ACH and Wire Transfer Payments
Online Safe and Secure Money Transfer Services

Banks use Automated Clearing House to Transfer Funds Electronically from one bank to another in safe and secure way. In these digital economy people and business firms would like to receive payments through direct deposit. As they find more convenient these method rather than using checks. This electronic transfer of money from one place to another is called ACH OR Automated Clearing House. Whereas wire transfer allows you to move your money from your account directly into the account of someone else.

Let’s Checkout the Difference between ACH and Wire Transfer

ACH Transfer – The electronic transfer of funds from bank account to another. Payment transfer is not occurring on real time the transaction is settled on future date.  Transactions are entered with a date to settle which is normally the next day.  Payments are transferred by your banks in groups or batches along with all their other customer’s scheduled payments, usually at the end of the business day. ACH Transfer is less expensive and can be done on batches. ACH cost banks $0.035 per transaction or $0.025 per transaction in bulk. ACH Transfer is given to customers in between $0.10 and $2.50, depending on volume. ACH by definition is meant to be automated, and meant to be delayed settlement, thus the lower cost associated.

Wire Transfer – It is similar to ACH Payments but have some few differences. Wire transfer perform task on real time and cannot be done on batches, performed manually. Wire transfer is more expensive than ACH Transfer. When an individual make wire transfer, both account holders are verified with the exact money in the account. Wire transfers are fast and secure; and since they’re handled individually by the banks.

Transferring funds, either by ACH or wire, is generally safe when using a financial institution. However, if your computer has become infected with malicious software (malware), cybercriminals can steal usernames and passwords and defeat common methods of user authentication employed by financial institutions.

Advance Online Banking Solutions for Online Businesses

Online Banking Payments and Easy, Quick, and Secure Transfer Solutions to Fuel Business Sales

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Online purchasing of goods and services is nowadays a popular trend and a convenient way to perform the buying activities. The consumers have no longer to visit shopping malls and stand in lines for money transfer, bill payments, tickets etc. with just one click and few keystrokes they get can get the goods and services right at their door steps. For online businesses, this is an advance solution to bring more sales and profits over the traditional methods of payment. This online payment processing is certainly something that every online business should take advantage of varied services offered by these online payment processing companies.

At Radiantpay we also provide reliable and secure payment processing system that can help you to process all your credit, debit and money transfer for online purchases. A fully designed set of services with various payment options to boost your sales and satisfy the wants of consumers regarding online payment transfer for the purchase they made. Online payment options indefinitely encourage the buyers as they can see your business is accepting credit cards and processing e-payments that are more convenient for them.

A range of services and opportunity offered by payment processing companies to make you and your customers comfortable with secure payment transfer via phone, e-mail, fax, and web portals. Looking for secure and advance online payment processing solutions call us on – 44 2081330322 and visit online at Radiantpay.com

 

Can ACH Payment Processing Explore Business Performance?

Automated Check Processing Services will Explore Your Business to Next Level!

ACH Processing servicesThe Automated Clearing House network used for electronic payments for secure transaction that are done without any error. It saves lots of time and fast in process. It enables you to transfer fund from one account to another without the movement of any paper work. When customers buy any online product they prefer good quality, after sale service, reasonable prices and best payment methods. The ACH payment solutions helps the businesses to accept payment from different payment cards. This can prove the best solutions for accepting online payments and widen your customers circle.

How ACH Payment Processing Can Explore Business?

It allows the merchant to hold possession of goods until check clearance is verified.

It possess safe and secure transaction with 128 encrypted bits transmission. This meets the highest standard of the government’s current transmission requirements, when any file is sent for processing they are twisted earlier to processing thus prevent fraud and unauthorized access.

It avoids the cost associated with preparing and mailing customers invoice and many other cost related with administration expenses.

Electronic transactions are less costly flat fee per transaction against a percentage of total sale with credit card.

It totally reduces and eliminates the bank deposit and item fees on the checks which are not clearing.

Checks processed and returned electronically only suffer a minimal operation charge.

Many transaction are processed in 2 or 3 business days, faster transaction leads to fast notification and efficient check processing.

 

The ACH service always provide best options for electronic payment processing solutions. That helps the business to serve better services to their customers with cost effective manner.