ACH

Automated Clearing House payments (ACH) allows for those buyers that have this service with their financial institution and for suppliers that agree to accept these payments to take advantage of a low cost alternate for making payments that will settle in approximately two business days. The return policy for ACH is limited making the funds more secure than a credit card payment that is subject to rejection.

To use this payment method option, a customer will have to have an existing ACH arrangement with its bank and allow for these transactions to be processed.

Debit transactions are available for those suppliers that request this service; however, this has the highest risk within the ACH transaction model and it is recommended that the customer and supplier have a long- standing and positive working relationship before this is used.

Although there are numerous transactions that can be used with ACH, the one defined above provides the highest level of security.