First, the business or individual consumer provides authorization through mail order, fax, or face-to-face. Transaction information is then uploaded to the processor either via payment gateway, a virtual terminal or a batch file transmission. After this, the funds are electronically debited from the client’s checking account. Once this has cleared, the funds are deposited into the merchant’s account within 7 business days.
The requirements to set up your ACH Debit are fairly simple. You will need a completed ACH Debit Service Agreement & Merchant Information form, a voided check from the merchant, your bank statement from last month, and a copy of a Merchant Business License.
Could I be prohibited from setting up ACH Debit?
eMerchantBroker does provide an ‘Unacceptable Merchant List’ for check services, and it’s important for merchants to take a look at this before attempting to set up their ACH Debit.
Call 1-800-621-4893 or fill out the form to get started now!
The Automated Clearing House
What is ACH?
ACH is the main network that processes the majority of electronic financial transactions in the United States.
Safe & Secure
ACH Debit allows merchants to set-up legitimate debits that are drawn from a customer’s checking account.
The ACH Debit program enables merchants to schedule debits for a one-time occurrence, or on a regular, recurring basis.
The nature of ACH Debit means that it is one of the most reliable ways to collect funds from your customers.
What are the Benefits?
No set-up fees, a low-cost payment process, elimination of banking fees and paper check handling costs, fast electronic transfer of funds within 7 business days, and the simple fact that we support a range of users and locations.
Can I Use ACH Debit?
ACH Debit currently serves these markets: membership organizations, bill payments, business-to-business, medical, government, educational, utilities, insurance, day care, health clubs, not-for-profit, wholesalers, suppliers, and a variety of others.
We understand you have specific requirements. If we haven't answered all your questions here, give us a call or write us an email. We're happy to help.Or, you can start your application now!