ACH Processing

For your customers who want to pay without using paper checks or credit cards, give them the option to pay by ACH bank transfer - a simple, secure way to pay your business. Not only can online ACH payment processing help you tap into a wider customer base, but you can also enjoy offering a payment processing method that's less expensive than credit card processing transactions.

Settlement-the final transfer of funds from the buyer's account to the seller's account, minus any processing fees.

Payment processing can encompass a wide range of methods, including credit cards, debit cards, electronic checks, mobile payments and digital wallets. Payment processing systems are designed to handle these payments types, integrating with different sales channels to offer flexibility to the businesses that use them.

Card networks-like Visa, Mastercard, American Express, Discover, UnionPay and JCB-provide the communication infrastructure that issuing banks and businesses use to process credit card transactions.

While other payment methods are gaining popularity-including digital wallets like Apple Pay and Google Pay, bank transfers, and buy now, pay later (BNPL) services-credit cards remain a dominant force in the payment landscape.

Security and Compliance

Different payment processors offer varying levels of security support and Payment Card Industry Data Security Standard (PCI DSS) compliance assistance. The PCI DSS requires all organizations handling cardholder data to maintain specific security protocols-from encryption standards to employee training.

A processor's approach to security affects both implementation costs and ongoing operations, particularly in how they handle fraud monitoring, chargeback management and compliance documentation. Some processors include these security features in base fees, while others treat them as premium features.