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ACH is an electronic payment delivery system which processes electronically originated credit and debit transfers for institutions nationwide. ACH is a rapidly growing alternative for processing Credit cards and paper checks, and handles billions of payments annually. ACH payments are processed by using a customer’s bank account and routing information. By offering ACH capabilities, businesses can contribute to their bottom line by having an alternative payment option for consumers.
An eCheck is an electronic transaction that enables the consumer to approve payment from his/her checking account using their bank routing and account information. The transaction typically takes two to three business days to clear the consumer's account through the Automated Clearing House (ACH) system.
No, ACH and CH21 only support US currency, therefore can only be used for consumers with US checking accounts.
A Merchant account is an agreement between your company and an acquiring bank which entitles you to accept Credit card payments. A Merchant account is required in order to accept any major Credit card brand.
With the Batch upload feature you can create a file of transactions to meet the third party processors specifications, and then upload to their system via a web interface. The file is a common delimited text file. This is ideal for merchants who do not have the technical support or the time to integrate into a gateway
A payment Gateway facilitates the transfer of information between a payment portal (such as a merchant website or mobile phone), and a third party processor or an acquiring bank. When a consumer places and submits an order online, it passes through the Gateway to the third party processor, who in turn sends to the bank. The bank will send an automated response to the third party with a response code (e.g., approved or declined). The advantage of using a Gateway is receiving these types of automated responses in real time.
The third party processor will offer the merchant what’s known as an API, which is basically the instructions on how to integrate into the Gateway. Depending what the Gateway offers, it can take anywhere from one to three weeks to fully integrate into the system.
The third party processor will offer the merchant what’s known as an API, which is basically the instructions on how to integrate into the Gateway. Depending what the Gateway offers, it can take anywhere from one to three weeks to fully integrate into the system.
Accept all major Credit cards, Debit cards, eChecks and ACH payments
Immediate, real time, Credit card approvals or declines
Verify accounts quickly and securely
Partner with a PCI DSS Level I Compliant Gateway
Free Virtual Terminal feature to process orders manually
Use fraud filters to reduce your online risk
Retain customer information for recurring billing through Tokenization
A Virtual Terminal can be used to process Credit card and ACH transactions from any computer with internet access, anywhere in the world. This allows secure and efficient management of tasks including the verification, reporting and processing of Credit card and ACH payments. The majority of third party processors offer an easily accessible Virtual
Terminal through their front-end payment platform.
Terminal through their front-end payment platform.
Access a Virtual Terminal from a desktop or on the go
Key in your customers payment information
Complete a sale anytime from anywhere
