Businesses and government entities alike have long utilised the ACH Network for payments, using the network as a primary means of direct deposit payroll, benefits and tax returns. The popularity of ACH payments has grown among consumers in recent years, with more and more of them opting to setup recurring bills for things such as loan, mortgage and utility payments as opposed to other payment methods.
ACH PAYMENT PROCESSING
ACHPay is an international payment services provider that offer ACH processing technologies and solutions
Who Uses ACH Payments
ACH payments are typically used for:
- Direct deposit of payroll by companies or of social security and benefits by government entities, including tax refunds;
- Direct one-off or recurring payments of bills by consumers, including insurance premiums, loans, mortgages and utilities;
- B2B payments;
- Payment of local, federal and state taxes.