Payments Hub

Setting up an ACH requires a savings or checking account, routing number, and bank account number. An ACH direct deposit can not happen until this data is shared with the payer. The account information of the payee is always required to set up a direct deposit. Otherwise, how will a business know where to pay you?

Knowing if and when to use ACH payments can lower transaction fees, reduce administrative costs by decreasing processing time, and create a seamless payment system for you and your vendors.

The digital payments process needs to be secured with technical safeguards as much as possible. For example, businesses that rely on digital payment processing should only use secure networks to send and receive funds. They should also track both incoming and outgoing transactions to verify all payments.

There is a multitude of reasons why a bill pay software can pad your cash flow and help your budget. There can be time and stress in the monthly bill-paying process and if you own a busy company, this is something that needs to be automated.

Get a better understanding of how all three payment solutions operate and you’ll be better equipped to make the right choice. Understand there are options beyond Stripe, PayPal, and Square but we reviewed these for a reason. They all serve very different functions but are top of the market. Selecting the right software will see you to success!

Both Transferwise and Xoom (owned by PayPal) offer a similar money transfer service, but there are subtle differences that give each of them an advantage over the other depending on the application.