1. Auto Debit ( The controversial way to get invoices paid on time) Most banks across the world provide an auto debit feature. An auto debit feature allows you to pull money from a customer’s bank account automatically without any customer’s intervention. In the US this is called ACH payments, in Europe, this method of …
1) Credit card processing software with support for level 2 and 3 transactions Credit card interchange fees are usually high.The interchange fee could be anywhere between 2.5 to 3 %This is one of the reasons many businesses are moving to ACH payments in US.ACH payments service provided by most banks costs almost nothing ! Switching …
1.Connects to your current billing /ERP /CRM Data entry is a pain.It becomes a greater pain when your company uses multiple software for ERP , CRM or billing software.The ability to move data between these products in a integrated fashion should be your top-notch priority as any software should help you improve your team’s productivity …
Accepting B2B payments electronically isn’t any more a deviation from the norm as it used to be. Most fortune 500 companies have either partially or completely moved to digital payment. Companies, especially in the B2C space accepting payments from consumers, have completely switched to digital payments as the cost associated with other non-digital means as …
Accept ACH payments and credit card payments in sap, QuickBooks, JDE ERP systems such as SAP, JDE or invoicing software such as QuickBooks are tools that help you track your inventory, orders, invoices, payment status etc but these systems don’t provide you a way to let your customers pay against invoices raised …
How does ACH work and how it is related to NACHA NACHA (Automated Clearing House Network) refers to a specific electronic payment network in the US that acts as an intermediary between multiple banks in the US for inter-banking transactions also known as ACH. NACHA defines the rules and regulation that each of the member banks …
Selecting a payment processing software is an important decision to make as the time and effort spent in setting up the system should provide long-term benefits to help to scale up the accounts receivable division of any organizations.As the organization grows by leaps and bounds by adding more customers and increased revenue, the accounts receivable department …
Same day ACH bank to bank transfers NACHA after a long wait has introduced Same-day ACH bank to bank transfers. Companies accepting payments through ACH extensively can get paid within a day now instead of having to wait upto 5 days. What does it mean for your business ? Businesses which receives large …