Companies that are unable to collect payment from their customers have to turn to their cash reserves or to seek outside financing to make ends meet. This means less cash is available to help you grow your business. Dealing with accounts receivable is one of the best reasons for a small business to hire a payment processor that provides ACH solutions.
An electronic check is an electronic payment funded by the buyer’s bank account. Electronic checks use information found on the buyer’s check to carry out an electronic funds transfer. They can thus be processed through the ACH (Automated Clearing House) system.
Electronic checks are processed similarly to paper checks and are governed by the same laws […]