Tag Archives: ACH and Check Processing Solutions

ACH Payment Processing

ACH Transfer| How They Processed and Work?

ACH transactions are computerized payments that provides benefits to customers and merchants in an inexpensive way. It is controlled by an automated clearing house network, funds are transferred directly from on bank account to another. This type of payment are automated or recordkeeping and offers an easy way of the electronic payment system. ACH payments are the most popular form of payment transfer method for many businesses that they can offer to their consumer, as it cost low transaction fees and convey predictable processing timelines.

Every year more than 25 billion ACH Transactions are been processed by the ACH network. Radiant pay facilitates ACH and Check Processing, stat testing the system with radiantay.com to know the better language of ACH Payments.

Now! How Does This ACH Network Work? Let Us Explain

Many business entities pay wages through direct deposit or let us say consumers pay bills electronically, nowhere ACH payments are responsible for those payments.

Some Takeaway of ACH Payments

  • It is an electronic bank transfer that is processed through the Automated Clearing House Network.
  • ACH Payments are most commonly used for employers to pay the payrolls directly into the bank accounts.
  • ACH transfers are inexpensive, quick, secure, and fast.
  • It is easy to keep the record of income and expenses with every transfer, however the bank creates an electronic record of ACH transfer.

Types of ACH Transfer

Gone those days when you have to walk-in for bill payments or wait for a check to clear, ACH transfer make life easier for consumer and merchants. One can conveniently transfer or receive the amount just sitting at home. ACH Network Processes two kinds of transaction i.e.

Direct Deposit

Direct Payments

Direct Deposit is a kind of electronic payment made from a business entity to the consumer. It includes:

Pay checks
Tax Refund
Interest Payments
Government Benefits
Annuity Payments

ACH Direct Payments can be used by single persons, businesses, and other entities to send money. For e.g, if you’re recharging your DTH Plan online with your bank account, that’s an ACH direct deposit.

check processing solutions

Ignore visiting banks: Learn time-saving methods through Electronic Check Processing

What is Electronic Check Processing? 

Electronic check processing implies that you can change over a paper check got from a client into an electronic exchange that takes assets from your client’s record and places them into your record. This exchange happens using the Federal Reserve Bank’s Automated Clearing House (ACH) framework. It’s a quicker, more affordable approach to get your cash. 

What is the ACH Network? 

Put just, the ACH system moves cash starting with one substance then onto the next – electronically. The Automated Clearing House (ACH) Network is profoundly dependable and productive across the nation clump situated electronic subsidizes move framework which accommodates the interbank clearing of electronic installments for partaking storehouse money related organizations. The Federal Reserve and Electronic Payments Network go about as ACH Operators, focal clearing offices through which monetary organizations transmit or get ACH passages. 

ACH Transaction Types: 

Direct Deposit of finance, Social Security and other government advantages, and expense discounts 

Direct Payment of purchaser bills, for example, advances, service bills and protection premiums 

Business-to-business installments 

Electronic Checks (E-checks) 

Web-based business installments 

Government, state and nearby charge installments. 

In case you’re getting your checks legitimately saved into your financial balance, you’re as of now utilizing the ACH organize. You can use this framework for your business with the goal that you never need to go to the bank again- – you can process checks electronically from your PC.

Electronic Check Processing Enables Your Business To: 

Improve income with snappier access to your cash 

Spare your clients time and cash 

Increment on-time accumulations 

Get 48-hour notice of NSF 

Wipeout manual compromise of deficient assets 

Take out time-squandering outings to the bank

ACH Payment Processing

How ACH and Check Processing Beneficial for Online E-commerce Store

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ACH Payment Processing for E-commerceAlmost every potential customers have credit and debit cards in their pockets and many who do not owns both. ACH and electronic check processing offers you varieties of payment options and gives you the ability to augment your credit card payments by offering the same convenience to this large and underserved market—for less than half the cost of credit card processing.

Some Effective Benefits of ACH Payments


Effectual than traditional checks – choosing the ACH payments is faster and secure than just to wait for a check to clear. Electronic check acceptance is higher security and priority than paper checks. Easy and fast clearing helps your cash flow.

Alternative Payment Options – E-Check processing offers varieties of payment options as best possible. Of course cards payments diversify the traditional payment acceptance but ACH Payments give customers without cards. It simply prefers to pay with bank debit card an alternative to cards.

Cost Effective – ACH payments are cheaper than normal card processing. Small and standard merchant’s flat rates can apply. For high-risk merchants, ACH payment processing rates are always less than cards.

High-Level Security – ACH Payment method is the most advanced and secure method of electronic fund transfer in the world. Millions of business, consumers, financial services, and government agencies use the ACH network to receive and send payments.