Direct Deposit via ACH occurs when an ACH credit is originated by a business to either another business or to an individual.
Payments are originated through an online virtual terminal and are sent electronically to the recipient’s bank account via the ACH system.
With Direct Deposit via ACH by VeriCheck® you can:
- Electronically send payments to vendors
- Send commission disbursements to employees
- Refund customers electronically
- Send payroll to employees*
- Payout for affiliate programs
- Send employee bonus disbursements