More and more people are realizing that paying by card may not be all it’s cracked up to be. Between high rejection rates and steep processing fees, it’s natural that platforms and customers are looking elsewhere. And as they do, folks are discovering the power of using an ACH Payment Gateway for their business.
An ACH Payment Gateway allows platforms to circumvent batch transmission of ACH Payments and provides greater communication and intelligence for your organization. So far, so good. But is it really right for you? We’ll discuss how it could be, right here.
Automated Transactions
One criticism of ACH Payments is that they can be a little clunky, but the automation available through an ACH Payment Gateway eliminates all that.
This is especially attractive for platforms that operate on subscription, thanks to an ACH Payment Gateway’s ability to create repeated payments one time, that occur indefinitely. Once you’ve set it up, the ACH Payment Gateway will do the rest of the work, managing the payments instead of you having to wade in and operate batches. Despite this, your team will still have unfettered access to payments, to make changes or alterations.
Security And Authentication
When it comes to batch transmission, there’s a lot of data flying around. Bank account numbers, routing numbers, and account holder names can be kept in potentially less-than-secure data systems, and while encryption is common when sending files and information, the fact remains that once that data’s in your system, it can be taken. All it takes is one vengeful person to seek it out and take the info, and that’s it.
ACH Payment Gateways, however, make this a thing of the past. Once the first customer information is sent, a secure reference token is returned, which stops the data from being seen. This token operates as a stand-in for the information and means that there’s no compromisable data within your system. Everything is then done with that same reference token, giving your customers and yourself peace of mind.
A Smoother Experience, For You And Your Customers
One thing about the ACH Payment Gateway which we love is how smooth it all is. Once set up, ACH Payment Gateways are configurable with a large number of notifications, which keeps communication clear for your platform and your customers. These almost-instantaneous notifications can alert individuals of several events, from accounts being settled to late payments or chargebacks, to invalid TRNS.
What’s more, getting merchants into the gateway, and onboarding them, is a doddle. ACH Payment Gateway applications can be embedded directly into your website or your app, meaning that people can sign up easily and clearly, without the need to enter irritating API keys or go through a lengthy process. This ease of use delivers ease for your users and ensures that people won’t be looking elsewhere.
The Bottom Line
Implementing an ACH Payment Gateway for your organization might seem complicated, but once it’s there, you’ll wonder how you lived for so long without it. With increasing choice demanded by customers, failing to include ACH payments is a mistake – and the ACH Payment Gateway will get you there.
For more information regarding ACH Payment Gateways, contact Agile Payments. With a wealth of experience, the team at Agile Payments knows how to make your business stay relevant, and expand payment options for your customers. Get in touch now.
