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Merchants can process credit cards and Automated Clearing House (ACH) payments or eChecks directly inside Acumatica to accelerate and improve their invoicing operations and overall finances. Another crucial component of integrating credit card and ACH/eCheck payments into Acumatica is its compliance with industry security standards.
Features like AddressVerificationSystems (AVs), Card Verification Value (CVV) checks, and encryption protocols protect sensitive customer data and minimize chargebacks. How do payment gateways work?
In some cases, surcharging can encourage customers to use alternative payment methods that incur lower fees for the merchant, such as cash, debit cards, or ACH. Tools such as AddressVerificationSystem (AVS) and CVV checks help to prevent fraudulent chargebacks by ensuring that the cardholder’s provided details are authentic.
Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. AddressVerificationSystem (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction.
Example : A shopper entering their address incorrectly during an online checkout process. Use addressverificationsystems (AVS) to prompt customers to correct mismatches. Offer alternative payment options, such as ACH transfers or digital wallets. What Should a Merchant Do if a Card is Declined?
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