Payment processing fees differ for ACH and other payment methods. This guide covers automated clearing house fees and compares them to costs of other types of payment transactions. Alternatives to ACH payments include wire transfers, paper checks, credit cards, debit cards, PayPal, and Apple Pay.
Remittance advice is a detailed notification of the payment amount sent by a payer to a payee. Examples are customer to vendor or supplier, employer to employee, bank or money transfer company to the receiver of funds, or from a claims processor to a healthcare provider as electronic remittance advice (ERA) when patients’ insurance claims are paid.
Small businesses can select lower-priced software that competes directly with QuickBooks. Fast-growing venture capital-backed companies can start at a higher level with scalable ERP software that handles GAAP financial reporting, streamlines business processes, and will continue to meet their business needs as they grow.