Premium Payments is the preferred payment solution for small and medium-sized businesses in the US to speed up their payment cycle through electronic checks. Call us at (954)-934-9004 for a free trial.
Lets Bust The Common Echeck Processing Misconceptions You Have. We all know how overwhelming it was when we had to physically write checks, search for stamps, and go to the post office just to pay recurring bills.
Today, fortunately enough, using debit or credit cards, and eChecks, these recurring payments can be made easily. Here we bring all the electronic check information you were looking for. However, today’s let’s talk about some of the most common misconceptions you might have about echeck online processing: About Protection Features Several precautions are used by financial institutions to reduce the risks of processing controls, such as specially treated paper, watermarks, and other protective measures.
Tokenization brings more encryption to the scene by substituting a randomized character string for sensitive data. About Costs Although it is relatively low-tech to process paper checks, that does not always translate into lower costs. More Market Preference Here are some of the facts about the market share of online echeck processing. Electronic Check Services. Payment Solutions for Legal Services and Law Firms. Law industry is competitive and Premium Payments gives your business the competitive edge to process payments faster.
We empower attorneys and legal firms to accept payments online, in-person, by text messaging, or integrate payment. Our payment processing solutions offer the flexibility of accepting credit cards, debit cards and E-checks payments. Premium Pay easy-to-use online payment technology was developed keeping law firms in mind. Reduce late payments by providing your customers the ability to pay anytime and anywhere.
Payment Processing Solutions for Accounting Firms and Accountants. Education Payment Solutions & Processing. Electronic Check Services. What are Merchant Services and Why Do They Matter to My Business? You need to offer as many payment processing options to your customers as possible.
When you offer more payment options, your customers are less likely to abandon their shopping carts and will keep returning. Offering multiple payment options is one of the most effective ways to build brand credibility and show your customers you care. What are merchant Services? If you want to offer your customers multiple payment options, sign up with merchant services. Companies offering merchant services provide the set up required for different types of electronic payments. Hassle-free Payments With Electronic Check Processing. Are you tired of writing checks?
Switch to eChecks. An electronic check or eCheck, as the name suggests is an electronic version of a paper check. Just like a paper check, an electronic check can be used to draw funds directly from the payer’s account. Reasons Why eChecks Make Good Business Sense? What Are ACH Transactions? Everything You Need to Know. Every business in the industry is looking for expanding its operations in one form or the other.
However, it is not easy to broaden the operations of a company in any particular industry or sector. Since technology has seen a significant boom in recent years, the payment options and digitization of transactions have grown multiple folds. How Do Electronic Checks Work. Electronic Check Clearing System. Echeck Companies. What Are ACH Transactions? Everything You Need to Know. Credit Card and Ach Payment Processing. Ach Payment Processing Companies. ACH Payment The ACH is an electronic network for financial transactions in the U.S. that enables you to electronically collect payments from your customers.
Single-entry and recurring payments can be levied by directly debiting your customer’s checking or saving accounts. The most common uses of ACH are payroll direct deposit, online bill payment and mortgage and loan repayment. Hassle-free Payments With Electronic Check Processing. 7 Electronic check payments FAQs Answered. If you are still using paper checks, now is the right time to switch to electronic checks. eChecks are a digital version of paper checks.
There are several benefits of eChecks. eCheck processing rates are lower than card processing fees. They are inherently more secure and processed much faster than paper checks. Before you start using eChecks, learn everything there is to know about them. To help you get started, we attempt to answer some eCheck payment FAQs. What are some Business Benefits of eChecks? Also known as online checks/internet check/direct debit, eChecks are a digital version of paper checks.
eChecks benefit the environment and can help reduce greenhouse emissions produced while manufacturing and transporting paper checks. What is the Difference Between eChecks, Electronic Funds Transfer and Wire Transfer? Wire transfer/credit transfer/bank transfer is one of the most effective ways to move money fast from one person or entity to another.
Differences Between E-Checks & Paper Checks. Paper checks have been around for quite some time.
Though paper checks are still popular, many businesses have switched to eChecks in the last decade. eChecks make good business sense. They are good for the environment, are safer and more convenient than traditional checks, and can help businesses save time and money. ACH Payment Processing Companies. Is eCheck The Competition to ACH Payment Processing Companies and Electronic Cash? As a small business owner, it’s likely to look for ways to speed up your payment processing and get more cash flowing a lot sooner into your company.
While choosing your company’s best payment options, you might have come across ACH payment processing companies, and some terms like electronic cash and eCheck. But, without understanding the working mechanism of each payment method, it is quite difficult to predict whether eCheck is the future of ACH and electronic cash. Thus, before going deeper into differentiating these three, we would like you to know more about these payment methods individually. What is ACH? Even if you haven’t used ACH payment processing for small business as yet, the chance is higher that you have done so in your personal life.
How Do Buyers and Sellers Use eCheck? There are several downsides to paper checks.
They can get lost, misplaced, damaged, or stolen. Do ACH and EFT mean the same as Premium Payments? EFT stands for “Electronic Funds Transfer.”This all-encompassing term includes many types of financial transfers: Wire transfersDirect depositsElectronic benefits paymentsACH disbursements etc. ACH stands for “Automated Clearing House.”This is the electronic network used by financial institutions in the United States that provides the infrastructure used by payment processing companies. The best way to explain the similarities and differences of ACH, EFT and Premium Payments is that an Premium Payments is a type of electronic funds transfer (EFT) that uses the Automated Clearing House (ACH) network to process the payment. The money is electronically withdrawn from the payer’s account, sent via the ACH network to the payee’s banking institution, and then electronically deposited into the payee’s account – similar to a paper check, just electronically.
Can Premium Payments be Used for Recurring Payments? What Types of Payments Can You Make with Premium Payments? What is an Premium Payments? How Do I Send an Premium Payments Payment? How Does Electronic Check Processing Work? Do ACH and EFT Mean the Same as Premium Payments? Premium Payments – Top Ways Businesses are Accepting Payments Online. Customers are making more online payments in 2020 than ever before. And the number of consumers making online purchases has doubled. As a result, the digital transaction field and the business of check processing companies are getting more and more crowded.
When it comes to making payments online, consumers need a variety of payment options. PayPal and Square are some of the industry-standard payment methods. But businesses that need to accept a lot of digital payment from the consumers need more options. Why Choose us for Credit Card Processing? We proudly serve businesses from different parts of the world. Whether you plan to accept one-time credit card payments and automate billing schedules or need mobile credit card processing services, we got you covered. Security When making or receiving online payments, security is one of the major concerns. Online Ach Payment Processing. Check Processing Companies. eChecks: Guide to Understanding How Electronic Checks Work.
Electronic modes of payment are dominantly preferred among consumers in today’s world. Due to a significant rise in online shopping and other internet services, debit and credit cards have largely replaced cash transactions. In 2020, eCheck payment processing is a highly utilized and established online payment method. Virtually every primary payment gateway has the eCheck payment processing option. If you have been running a business for a while, this term has probably crossed your path at one point or another. Some of your clients might have requested you to make payments with an eCheck. But first, you must know the answer to the obvious question: what is an eCheck? Simply put, an eCheck is an online payment method as an electronic version of a paper check. Generally, an eCheck has the following features: Why Using ACH Payment Services Makes Sense. An ACH payment solution can benefit your business in more ways than you could imagine.
Thanks to technological advancements, same-day ACH initiatives are underway and have almost eliminated the problem of built-in payment settlement delay. Low Transaction Cost One of the major benefits of ACH is low processing fee. ACH Payment Processing Services. ACH Echeck Processing.