ACH Payment Processing Services – Accept ACH Payments Instantly

ACH Payment

The ACH is an electronic network for financial transactions in the U.S. that enables you to electronically collect payments from your customers. Single-entry and recurring payments can be levied by directly debiting your customer’s checking or saving accounts. The most common uses of ACH are payroll direct deposit, online bill payment and mortgage and loan repayment.

Premium Payments offers premium ACH processing services. Over the years, we have helped various businesses to streamline their payment process. We have assembled an A-team of seasoned professionals. Our experts know everything there is to know about ACH payment. The ability of these professionals to understand problems businesses face and come up with sustainable solutions to address business pain points sets them apart.

Why Using ACH Payment Services Makes Sense

ACH payment processing for small business can benefit to your business in more ways than you could imagine. Thanks to technological advancements, same-day ACH initiatives are underway and have almost eliminated the problem of built-in payment settlement delay.

Low Transaction Cost

One of the major benefits of ACH is low processing fee. Because ACH payment transactions are processed in batches, they cost less than credit card transactions and checks. On average, a traditional credit card transaction will cost you 2 – 6 percent. On the other hand, an ACH payment transaction costs just around 1$ an average.


An ACH transactions are more secure than transactions conducted through paper checks. ACH payments are processed through an encrypted system and in a secure environment designed to safeguard customer’s credentials.


An ACH payments settle faster, which can help boost customer’s loyalty and retention. You are on the driver’s seat and can provide your customers the flexibility to make an one-time payment or set up recurring payments.

Types of ACH Transactions

  • Direct ACH deposit– Businesses can ‘push’ money into their other accounts, or someone else’s account (can be an individual or business)
  • Direct ACH payment- Involves ‘pulling’ money from an individual’s or business’s account. These transactions can be initiated, when a customer sets up recurring payments with their service providers

How ACH Payments Work

  • Initiation- An originator (can be a bank, individual, or business) initiates an ACH transaction(ACH deposit/payment).
  • Entry submission– The Originating Depository Financial Institution or ODFI (the entity responsible for processing the originator’s payment) submits the entry.
  • The ODFI sends ACH entries in batches– The ODFI sends entries in batches to an operator for processing.
  • Sorting- The operator sorts through batches to determine whether they are payments or deposits.
  • Entry submission- Once sorted, the entries are sent to their respective Receiving Depository Financial Institution or RDFI (an institution qualified to receive ACH entries).
  • The receiving bank confirms the availability of funds: In case of a deposit, the receiving bank must confirm whether there are sufficient funds in the ODFI.
  • The final step– The RDFI debits or credits the entity’s account.

Your search for top-notch ACH services ends at Premium Payments. For business enquiries, call 954-934-9004.

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