Benefits of EFT
ACH Processing offers a number of benefits over
traditional collection of funds. The major benefits have to do with
the speed of collection, benefits of on time collection, and the
tremendous reduction in processing costs of ACH versus other forms of
payment processing.
Here are just some of the main benefits:
-
ON
TIME PAYMENT -
your customer's bank account is debited exactly on the due
date.
-
NO
SLOW PAYMENTS - right on time.
-
NSF CONTROL - These are
discovered in 3 business
days or less and can be immediately resubmitted
for payment
-
LESS
PAPERWORK - No opening of envelopes, running to the bank,
etc. - the funds are deposited directly into your account.
-
IMPROVES
CASH FLOW - no more check is in the mail excuses - it's in
your account.
-
SAFE
- Payments can only be made on specified dates and for
specified amounts and are electronically tracked.
-
CONVENIENT
- Easier for both customer and merchant - like clockwork it
is done every month right on time.
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