How do I accept ACH payments instantly?

To accept ACH payments, businesses must first create an ACH merchant account. This is the foundational step in establishing the capability to process ACH transactions. An ACH merchant account allows for the electronic transfer of funds from a customer's bank account to the business's account.

Once the ACH merchant account is set up, businesses need to request customer authorization. This step involves obtaining the customer's consent to initiate ACH payments. Typically, this is done through a written authorization form that includes the customer's bank account information and routing number.

With customer authorization in place, businesses can then set up the payment. This involves entering the payment details, such as the amount and the date the payment is to be processed, into the ACH system. It is crucial to ensure that all payment details are entered accurately to avoid any errors or delays in processing.

After setting up the payment, businesses must submit their payment details to the ACH network. This is typically done through the business's bank or ACH processor. The payment details are then sent to the customer's bank for verification and processing.

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