| July 25th, 2022 |
eChecks and ACH are pretty similar, and both terms are used interchangeably. ACH works as the ‘Automated Clearing House’ network, the process used for transferring money electronically from one bank account to another. An eCheck is the short form of “electronic check,” and it remains the most critical payment method because of the process. ACH […]
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| July 12th, 2022 |
A merchant account is a type of bank account that enables businesses to accept and process electronic payment transactions safely. A merchant account allows businesses to accept payments either through debit or credit cards. Do you exactly know how a merchant account works? A merchant account works by charging customers a small fee in exchange […]
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| May 12th, 2022 |
Instant check verification services are solely meant for ACH accounts and electronic check payments are utilized to validate bank account information before processing an eCheck payment. Incorrect data entry is the single most common problem of returned transactions. This is because check verification confirms that routing and account numbers are correct before the transaction is […]
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| April 6th, 2022 |
In this modern age, online transactions have boomed. As a result, all the businesses who want to improve their payment process have accepted them. However, as many companies have changed how they buy and sell goods over the past years, demand for physical checks has continued to decline. This is why most of the popular […]
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| March 21st, 2022 |
Whether you are a well-established businessman or a new entrepreneur accepting payment for your business is the need of the hour. You can have a good number of sales coming into your business but having a good payment solution is also very important. For this, you may go with various payment processing options like “eCheck […]
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| March 16th, 2022 |
A merchant account gets identified as a high-risk account when the payment processor labels it as a higher risk for chargebacks and fraudulency. Moreover, the high-risk merchant account also gets subjected to the rolling reserve. A payment processor also holds a certain percentage of their income until it further verifies that transactions were not fraudulent […]
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