ACH payments allow businesses to send and receive funds electronically, reducing reliance on paper checks and credit card fees. They follow a structured process: Transaction initiation: A business ...

They are ideal for recurring payments and large transactions. In fact, the total volume of ACH payments for the second quarter of 2024 is $21.6 billion, a 7% increase over the same period in 2023.

ACH direct payments (ACH debits): Businesses use ACH direct payments to pull money from a customer's bank account. This is commonly used for recurring billing, subscription services, and B2B ...

By providing a low-cost, reliable, and automated payment solution, ACH continues to be one of the most widely used financial networks in the U.S. How ACH payments work: The process every business ...