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Electronic Checks, ACH, and EFT
Electronic checks (echecks) benefit you and your customers. Adding electronic checks to your payment options gives your customers another way to buy from you, maximizing your sales. You extend your reach to millions of consumers who don't have credit cards, don't have available credit on their cards, or simply prefer to pay by check.
EFT and ACH
TransNetSecure specializes in electronic funds transfer (EFT) ecommerce merchants. Solutions are provided through the Federal Reserve's Automated Clearing House Network (ACH). The company represents a wide variety of financial institutions, each of which has different underwriting guidelines. The wide choice of ACH solutions means that businesses, including those who are considered "high risk”, can benefit from ACH services.
The following are the considerations in pricing ACH transactions:
Number of transactions per month. Naturally, the higher the volume, the lower the fee.The type of ACH transaction
Type of business and underwriting criteria.
ACH saves you money by simplifying, improving and automating operations resulting in increased productivity and faster transfer of funds. ACH transactions cost much less than paper checks or wire transfers.
The ACH Network is a highly reliable and efficient nationwide electronic funds transfer and clearing system. The Network serves 20,000 financial institutions, 3.5 million businesses, and 115 million individuals. Electronic payments of all kinds are used frequently by companies, institutions, government agencies and non-profit organizations as a safe, reliable and convenient way to conduct business.
The benefits of ACH include reduced administrative costs, increased efficiency, simplified bookkeeping, and greater security.
Contact us today and receive a free custom quotation for your business.