ACH Merchant Account: The easiest way for your business to directly debit customer checking accounts
It costs a business on average $1.22 to process a paper check. (from www.electronicpayments.org) With Stratus, it costs only $0.55. Plus, your customers will love the convenient payment options you can offer
An ACH Merchant Account combined with the Status Payment Solutions enables you to:
What does ACH stand for?
ACH (or Automated Clearing House) is a nationwide electronic funds transfer system which provides for the interbank clearing of electronic payments. Electronic checks processed through the PaySimple system are processed using this secure, highly reliable network, and is also the same network used by federal bank and government institutions to securely transfer funds. The Federal Reserve acts as an ACH Operator, through which banks transmit or receive ACH entries.