Different options for payment can help businesses and consumers send and receive payments immediately without any hassle. Most companies prefer to use payment options with low overhead. One of the payment methods is ACH or Automated Clearing House. This electronic funds transfer system is replacing paper checks. This mode can be used to clear payroll or provide periodic payments to service providers. You can even seamlessly integrate Pont of Sales payments, P2P and B2B payments using ACH CRM software. Let us now look at some of the benefits of ACH payments:
Experience safety and efficiency
These transactions are secure and can be done quickly because they are done electronically. No loss of checks or loose money. With ACH CRM software, business owners can instantly confirm transactions. Here, the use of Tokenization provides another layer of security and protection against information leakage.
Convenient for business customers
The use of ACH software seamlessly integrates payment information related to customers. This makes it more comfortable to receive payments from them. In addition, it can be combined with a debit card and a credit card to combine payment methods such as online transfer. With a single click, your customers can transfer payments for the services they offer. Service providers don’t have to wait longer.
Low transaction fee
Another benefit of using ACH payment software is that transaction costs are lower compared to other payment methods. Unlike traditional checks, credit or debit cards, you must pay approximately 1% to 3% of the transaction fee. Given that under the ACH payment system, the minimum price per transaction is 0.60 because it is paid in batch processing.
Fast payment processing
In ACH mode, payments are transferred from one bank account to another, thus involving minimum time intervals and lower fees. Even service providers can receive payments within a few hours and can revert to the consumer. Faster payment processing takes just one business day.
All in all, ACH CRM software takes an hour for small businesses and large companies because it can complete transactions at a lower transaction cost in a shorter period of time. You can try this software at a reasonable price through CRM Runner.