PAYMENT SOLUTIONSACH & E-Checks
Ascent provides your company the ability to accept and make payments electronically with ACH/E-check.
What is ACH?
ACH payments, of which E-checks are a type, move money directly from one bank account to another via the Automated Clearing House (ACH) network. Payment types include direct deposits (e.g., payroll) and direct payments (e.g., accepting payments from consumers or vendors). ACH transactions are batched together and processed over the network at specific intervals each day.
Benefits of ACH
Cost effective – in many cases ACH transactions are assessed a flat fee. When your average transaction size is larger, a flat fee can often be less expensive than credit card fees
In some regions of the country, ACH is the preferred electronic payment method of consumers
Saves time and paper over physical checks
Drawbacks of ACH
Tends to be a little slower than credit card transactions
Not an ideal solution for last minute purchases
Want to learn more about ACH?
If you would like to learn about how ACH works and how it can help your company, we would be glad to answer your questions. Please feel free to email Ascent at email@example.com, review our FAQ on ACH, or read our ACH blog post.