![]() ![]() Points can be accumulated and used for all sorts of purposes, such as paying for travel or hotels. Some business credit cards do offer this great service. It’s not possible to earn rewards points with ACH transfers, for example. In some situations, the ACH network may not be ideal for your business. This “set it and forget it” system can provide businesses with a level of convenience not available with older forms of payment. It’s possible to establish recurring ACH transfers for periodic payments and credits. These include wire transfers and virtual payment platforms.įor U.S.-based payments, ACH transfers offer convenience and cost savings, especially when compared to domestic wire transfers. For cross-border payments, a business must adopt some other form of payment and there are many electronic options available. The ACH network does not include foreign financial institutions. ![]() ![]() The first requirement is for the payee to have a bank account in the U.S. The ACH system may be one payment option among many your business can use to submit bill payments such as utility bills, rent payments, invoices, and credit card payments. Is ACH Credit or ACH Debit Right for Your Business? But again, it’s not always possible to avoid these fees because at the end of the day, they cover the costs of ensuring funds are transported securely through the ACH network.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |