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ACH is a BOON to Off-shore High Risk Merchant Account by nishaidhijames boss`
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ACH is a BOON to Off-shore High Risk Merchant Account |
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Business
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Automated Clearing House or ACH processing has made life easy for online businesses as it can help them save vital resources, reduce errors and above all speed the process of receiving cash. In simple terms they enable electronic transfer of money from account to another. Through this an employer can make payments directly to the account of employee and this will save him lot of resources. Its advantage in business is that one will be able to pay for products through this facility. As ACH processing is done electronically, uses of paper, ink, labor, fuel, etc are not required. You can have a complete electronic payment through ACH or it can be partial when a check leaf is processed electronically. Benefits of ACH The greatest benefit of introducing ACH services is for online businesses because they can offer their customers an option to make electronic payments. It is of great benefit especially for businesses that have to deal with large number of payments or receipts every day. It is estimated that in the previous fiscal, there were nearly 30 billion transactions. This is expected to grow multifold in coming years as e-commerce is growing rapidly and more and more people prefer electronic fund transfers. Some of the advantages of ACH are:’ • Reliable and convenient • You can avoid use of envelopes and postage and that saves lot of money and delay • You will be to access funds quickly—and the process takes just few hours • Setting up of recurring billing payments allowed • There will not be normally any processing cost • Easy management of cash • As paper checks are fully eliminated, thousands of trees are saved and thus environment friendly. This serves as a boon to all the online merchants and especially off-shore high risk merchant account holders as they will not have to bother about the non availability of domestic merchant account for clearing and processing the payments. This will eliminate lot of risks and give them more security.
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