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 risk processor so to start accepting credit cards without major difficulties.

NACHA and ACH Network

NACHA (previously the National Automated Clearing House Association) is called to manage the development, administration, and governance of the ACH Network. The latter is the cornerstone of the electronic movement of money and data in the US. NACHA is funded by the financial institutions it governs and is governed by the NACHA Operating Rules. These are a set of rules guiding risk management and creating certainty for all participants.

The ACH Network began in 1974, and since then, it’s turned into of the largest, safest, and most efficient payment systems around the globe. NACHA and the ACH Network play a huge importance for American commerce, moving $43 trillion each year.

So, the ACH Network can be characterized as a network for direct consumer, business, and government payments. It facilitates billions of payments (e.g., direct deposit and direct payment) each year. All types of financial institutions use this network.

Applying for High Risk ACH Processing

High risk ACH processing is the right option for those merchants who are tabbed as high risk and have no other chances of obtaining a merchant account through other methods. This means, merchants involved with tobacco products, adult related products, gambling sites, Internet auction sites, and many others, can find a reputable business funding provider like firstamericanmerchant.com to get easily approved for high risk ACH processing and take their business to new heights.

FAM is an award-winning alternative online lender and payment processor that specializes in the high risk sector, but provides exceptional business financing opportunities both for traditional and high risk merchants. With First American Merchant, you can be sure to enjoy the lowest possible rates and unique chargeback protection for your high risk business.

When choosing the best merchant services provider, you should take into account the information concerning insurance and coverage the provider offers. You’ll be required to provide much the same information as it’s required when applying for credit card payments. This includes all your business details, your Federal Tax ID, and your estimated processing volumes. Once you’ve provided all the necessary details, your application will then be processed for approval.

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