In today’s market, operating without accepting debit or credit cards has become virtually impossible for merchants. Businesses need to find a reliable payment processor in order to accept the ‘plastic’. While finding such a merchant account provider is easier for most businesses, those that are labeled high-risk have to face several challenges and for them, getting approved for a processing account can be very frustrating. Fortunately, high-risk businesses have a suitable option i.e.. In fact, the many changes to ACH transactions over the years have made them an ideal option for these businesses.
What Are ACH Transactions?
ACH stands for Automated Clearing House. It is an electronic system that has been designed to allow businesses and consumers to both send and receive funds by performing bank-to-bank transactions. ACH transactions are governed and regulated by the National Automated Clearing House Association (NACHA). NACHA is one …Read More