Paper checks used for small business loan payments are becoming a history. The alternative lending market is increasingly turning to ACH payments. To get more information on ACH payments and ACH business loans, just read this article. ACH Payments ACH (Automated Clearing House) payments are also referred to as eChecks. These payments are being more and more often used for online and point-of-purchase payments. This is also true of B2B (business-to-business) and P2P (person-to-person) payments. The costs associated with ACH payment processing depends on your merchant account provider or the entity you use for ACH payment processing. Automated Clearing House […]

Accept electronic check payments, increase sales, and reduce the costs that come with paper check processing by using ACH eCheck services. Using these services not only boosts customer satisfaction, but, it allows you to grow your revenue because you are giving customers another payment option by offering check and ACH transactions. The Beauty of ACH eCheck Services To understand the benefits, you must understand ACH, which stands for the Automated Clearing House, and eCheck services. ACH refers to the main network that processes most of the electronic payments in the United States. On the other hand, electronic checks are a […]

Businesses that wants to expand operations, unroll a new product, or hire new team members can fund their project with the help of ACH business loans. These loans are popular funding solutions for small and midsized businesses because they provide quick access to working capital and they don’t need to put up any collateral. Unlike traditional loans, many lenders, such as First American Merchant, will approve ACH business loans in just a few days. Startups and smaller businesses, which don’t have long business histories and have little or poor credit, also are drawn to these loans because they don’t require […]

ACH eCheck services are a simple an easy way for businesses and consumers to enter the e-commerce world. Unfortunately, there is some confusion surrounding the services, which include ACH payments and eCheck processing, because many in the financial industry use the terms interchangeably. On a fundamental level, ACH payments and eChecks are the same because they both make payments or deposits by transferring money from one bank account into another. ACH (Automated Clearing House) is the main network that processes most of the electronic transactions in the United States while electronic checks are a form of payment. Since eChecks, which […]

Same-day ACH and eCheck processing are still underused payment taking methods compared to other forms, e.g., credit cards. However, they always have the benefit of providing instant cash when you’re in need. You receive your money as soon as the on the same day; a feature that makes them unique compared to other payment techniques. So if you’re the entrepreneur whose business requires both/any of the payment services mentioned above, don’t worry where to start from. First American Merchant is a financial service provider that offers same-day ACH as well as eCheck processing. And they do this at very low […]

More than 25.5 billion Automated Clearing House (ACH) payments totaling about $43 trillion were made in 2016, according to NACHA statistics. NACHA is the organization that manages the ACH, which is the main network that processes most of the electronic debit and credit transactions in the United States, and is funded by the financial institutions it governs. That 2016 figure is an increase of about 1.3 billion from 2015, which represented growth of 5.4%. As consumers move further away from paper money and shift to move toward an electronic, interconnected and mobile infrastructure, it’s no surprise that the number of […]

Moving into 2018, small businesses are focused on their goals and aspiration for the New Year. According to a recent survey by Microsoft Store and SurveyMonkey, 90 percent of small businesses plan to hire one or two employees in 2018 – depending on their budget. Does your small business share these plans to hire additional staff? If so, the following 5 tips will help you find and hire the perfect individual(s). Use Your Business’ Social Media Do you know what interests candidates? Have you put your business “out there” enough for candidates to know who you are and what your […]

Before you know it, the pressure and stress of staying on top of day-to-day tasks can take up all your time and effort. It is easy to overlook the state of your company’s workplace atmosphere and the productivity of your employees. You obviously want your workplace to be as efficient as possible, so you can help avoid problems down the road. The following six tips will help you effectively manage and improve your workplace environment, while also boosting productivity. 1.      Focus on Company Culture Your company culture defines the environment in which your employees work. It involves shared […]

The ACH Network can be defined as a batch processing system enabling financial institutions to accumulate transactions throughout the day before sending them in batches for processing. ACH payments aren’t the same things as traditional paper-based checks: the former payments are transmitted electronically, thus accounting for lower costs and faster processing times. Finding the right ACH merchant account provider can be a real challenge, especially for those who’re running a high risk business. The majority of ACH processors avoid working with high risk merchants. So, it’s critical for high risk business owners to apply to a reliable and experienced high […]

Every American business has its own Social Security number, also known as a Federal tax ID, Employer Identification Number (EIN) that identity thieves can target. In July 2017, the IRS warned that tax refund identity theft scams targeting US businesses were becoming more widespread. Corporate Identity or Business Identity Theft 2015 witnessed an embarrassing breach in which cyber-thieves stole $39 million in federal refunds based on personal identification data hacked from over 700.000 taxpayer accounts on an IRS website. This year, 107.000 individual victims have been registered through May, which is down from 204.000 in May 2016 and 297.000 in […]