ACH Payment Processing
Accepting ACH payments means fewer costs, higher profits and happier customers. And processing couldn’t be easier with Payway.
If you’re a business that accepts recurring payments, the savings can be significant.
The most important advantage of ACH payments is cost.
Credit card processing carries fees ranging from 1 percent to 4 percent. ACH transfers are considerably lower since transactions do not go through the credit card networks and are batched to keep expenses down.
Set up ACH through our virtual terminal to automate processing and prepare and upload account data according to banks’ specifications. The Payway Payment Manager ACH interface allows businesses to off load bank account information just like credit cards for processing. ACH is processed in the same manner as credit cards, in that account numbers are tokenized and stored.
Once account information is entered into Payway Payment Manager, it’s prepared and uploaded according to the bank’s required format. We directly interface with major banks and have outlets also for smaller volume customers.
Benefits of ACH Payment Transactions for Growing Your Business
The benefits of processing ACH payments with PaywayWS include:
• Lower transaction fees and fewer payment failures
• Automated processing which saves time and reduces errors
• Secure data. ACH payments are processed through an encrypted system.
• Uniform payment and auditing reporting