Frequently
Asked Questions
WHY
ACCEPT ELECTRONIC CHECKS?
Did you know …
• Electronic checks post before paper checks
at your customer’s bank. This puts you first
in line for payment.
• With
electronic checks, you will know about
"NSF," and "Account Closed," items within 2
days or less, versus the typical 7- 10 day
return period on a paper draft.
• Electronic
checks are less expensive to accept
than credit cards.
Use Your ACH Account For:
Single Payments-
Examples:
Telephone Check
Fax Check Payment
Scheduled and Set Amount Payments and Collections-
Examples:
Salary Payroll
Monthly Insurance Premium
Varying Frequency/Amount Payments and
Collections
Examples:
Hourly Payroll
Utility Bill
Secure Web Entry:
We Provide a Virtual Terminal. You authorize personnel to log in at a secure
website with you unique user ID and password assigned by ACH Commerce, LTD. upon
account approval.
Single Payment Entry:
User simply clicks on “Add ACH Transaction,” to accept a telephone check or create
a one-time payment or collection entry. Using the virtual terminal, you can have
any number of users that have Internet access, simultaneously entering new transactions.
Telephone Checks [check by phone]:
Company data appears and operator simply keys in Customer ID and Name and Routing
Number and Account Number and Amount – then clicks “Create” The transaction will
then be on the server and ready to process.
Scheduled and Set Amount Collections:
To schedule a recurring payment to be collected from a customer’s bank account
for a set amount, simply click on the Add Recurring Transaction option.
Recurring Insurance Premium:
User simply enters “Scheduled Date” “ Frequency” “ Number of Payments” and other
information and payments will be collected as scheduled without further intervention.-
Varying Amount Payments:
Create a “group” of transactions that can be used repeatedly. Payment or collection
information is entered one time only. Amounts can easily be edited each billing
cycle.
Creating a Batch:
User keys in a name to identify the batch. Companies may or create multiple batches.
Simple payment items can be added to each batch by clicking “Add Item”.
Adding Items:
User simply keys in Employee ID #, then selects pay to checking or pay to savings,
then keys in routing and account number, amount and then selects Create Item
to add it to the batch.
Editing A Batch:
Once information has been entered, edits can easily be performed. Existing items
can be added or removed as needed with the click of the mouse.
Reporting:
Utilize reporting capabilities to view, print or download transaction information
for posting.
Selecting a Report:
Enter the beginning and ending date range to select transactions to view, print
or download.
Detailed Transaction Data:
Transaction information can be printed or downloaded in one of the following
formats for easy import into an A/R system for automated posting: HTML CSV XML
Internet Checks:
Open your market to 70 million potential customers who do not have or use a credit
card, including institutions, universities, consumers and more.
Online checks are much less expensive to accept than credit cards because there
is no discount rate.- Charge-back exposure on checks is only 60 days compared
with up to 6 months with a credit card.
Online Check Entry:
Buyer enters their information into the shopping cart and selects to pay by EFT
or eCheck. The shopping cart information is populated into the check screen.
The buyer adds their routing and account number to the check and completes their
purchase.
Online Disclosure:
A final disclosure is provided to the buyer while online. Upon accepting the
terms of the disclosure, the buyer clicks on PAY NOW.- [This may differ from
cart to cart if you have an existing cart]
Online Acceptance:
While at the site, the buyer will know if the transaction has been accepted or
declined.
Real-Time Gateway:
Choose to transmit data directly from your site or existing shopping cart directly
to our secure real-time gateway which allows automated HTTPS post.
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