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ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The average consumer commonly uses the ACH network for automated bill payments and larger transactions.
Throughout this article, we’ll explore direct debit, its benefits, how it compares to other payment methods like ACH direct debit, and how it helps save time and money. In the case of an ACH debit, the authorization is completed electronically. This form can often be completed online, making the setup process quick and easy.
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