• Does your business currently take recurring payments?
• Do a significant proportion of your customers currently pay by card?
• Do the fees for ACH processing save you money compared to other payment types?
• Would you be able to convert your customers to ACH from other payment types?

If you answered yes to any of these, ACH may be right for your business.

Paying your employees with Direct Deposit, you can process payroll quickly—even on the same day—allowing for fast reconciliation of any errors and ensuring accurate pay for hourly employees. Regardless of your business size, you can gain from Direct Deposit’s advantages. 

By enrolling employees, shareholders, contractors, retirees or other business stakeholders, you eliminate manual check preparation and record keeping, while also building employee satisfaction (it’s the way 92% of American workers get paid). 
In addition to payroll, there are many other ways businesses can use Direct Deposit: 
•    Travel and other employee expense reimbursements.
•    Bonuses and commissions.
•    Pension/401(k) disbursements.
•    Annuities.
•    Dividend and interest payments.

Paying your employees by Direct Deposit can also enable your employees to reach short- and long-term savings goals quickly and effortlessly. With convenient Split Deposit, employees can direct a fixed amount or percentage of their pay into a savings or investment account to help build savings. As the single biggest influence on employees’ use of Direct Deposit, businesses can play a key role in supporting employee financial health.

Direct Payment is the electronic transfer of funds for a business to get paid—whether sending or receiving. Direct Payment allows businesses to pay their bills or to get paid by a customer. This preferred payment option frees up time and money so you can focus on growing your business.

By implementing Direct Payment for your business, you can automate your accounts payables by making electronic payments to your vendors and service providers. This can allow for better cash flow management and easier reconciliation and reporting. It also eliminates manual check preparation so you can save on everything from postage and mailing supplies to staff time and resources.

You can also use Direct Payment to collect payments from your customers electronically—saving administrative costs, enabling more accurate budgeting, and providing your customers with safe, cost-effective and timely payment options.

Direct Deposit and Direct Payment payments are safe: Unlike a paper check, which passes through many hands, account numbers remain confidential. You also can consult with your financial institution or payroll provider to learn about additional sound business practices to protect sensitive data.

Your Direct Payment transactions are safe: Because money is transferred directly between accounts. Direct Payment is a secure method of sending and receiving electronic payments that reduces the risk of fraud and identity theft.

• The ACH Quick Start, a tool for your business to learn how to pay or get paid by other businesses electronically via ACH for business-to-business and consumer payments:
  • Business-to-Business ACH Quick Start
  • Business-to-Consumer ACH Quick Start
• Contact your financial institution or get a free 15-minute ACH advisory services consultation from Nacha Consulting.