MP4 | Video: AVC 1280×720 | Audio: AAC 48KHz 2ch | Duration: 1 Hours | Lec: 15 | 518 MBGenre: eLearning | Language: EnglishLearn the most trending topic of payment worldThis course covers Mandate management system and ACH payments.

This will also help you in understanding the payments processed by Paypal.

The ACH (Automated Clearing House) Payment Service enables you to electronically collect payments from your customers for either single-entry or recurring payments by directly debiting your customer’s checking or saving accounts.

The most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll.

ACH payments are an efficient and cost-reducing alternative to paper checks and credit cards.

On the Internet, ACH is primarily used for person-to-person (P2P), business-to-customer (B2C), and business-to-business (B2B) payments.

Benefits of ACH PaymentsFollowing are the benefits of ACH PaymentsProvide your customers with an alternative to credit cards and checks.

Offer lower-cost payment than either checks or credit cards.

Faster payments than using checks.