ACH Processing Benefits

  • It costs on average $1.22 to process a paper check, whereas ACH Processing with PaySimple costs you only $.55.
  • Direct-debit via the ACH network requires very little effort or time to set up, and once it is established, your company immediately begins saving money.
  • ACH and eCheck processing relies on the same secure network, the Automated Clearing House (ACH), used for Direct Deposit and Direct Payment.
  • The Federal Reserve's Regulation E and the NACHA Operating Rules regulate electronic payments processed through the ACH network. Because of Reg E and NACHA's Operating Rules, consumers have greater protection with check conversion.
  • ACH Processing is the fastest-growing type of electronic payment ever. Over 1 billion consumer bill payments by check were successfully converted to ACH payments in 2004.
  • ACH reduces time and resources needed to prepare paper invoices, handle paper checks, go to the bank, etc., resulting in continued cost savings to your company.
  • ACH processing is the green way to process payments. It reduces the burden on our nation's transportation systems and the environment. It takes a considerable amount of fuel to ship our country's millions of checks each year between companies, financial institutions, and customers.

Source:electronicpayments.org

Learn more about PaySimple's Electronic Check Processing Feature
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