Lower Your Overhead by Introducing ACH Processing

Let’s be honest, every company today, whether it’s one person or a Fortune 500 company, has a website. Think about how many of those companies have that website in order to sell something. The definition of E-commerce is, “business transactions conducted on the Internet,” and it’s not slowing down any time soon.

If you’re one of those companies (selling products and services online), it’s likely that you’re accepting credit cards. If not, read this, and continue here after you’ve finished. If you do already accept credit cards, what is it costing you to process your payments online? Chances are, it’s costing too much (even if you’re not aware of it). Typically, when working with the right company, you can save 50 to 90% in processing fees by using ACH instead of credit cards. Think about that for a second, and then ask yourself yourself some additional questions:

1. Are you going through a 3^rd party? Meaning, does the company processing your payments lease software from another company?

At M2, we own and operate our own technology and software. We don’t have to pay another processor to do the work for us, so we don’t have to charge you in order to cover our overhead.

2. Are you ready for expansion? You have goals to expand your company right? Is your current processor able to handle more transactions?

M2’s payment solutions are fully scalable. When we’re your processor, you won’t feel a single growing pain. Our software is so sophisticated that we currently have 51 Fortune 500 companies as clients, and we’re ready to increase our processing volume right now.

3. How is your reporting? You need a great reporting system in order to track real time, web-based account activity reports. Many merchants are complaining about reporting systems that don’t meet their requirements, or are not user-friendly.
   

M2’s Merchant Reporting Suite (MRS) includes:

• Reconciliation section including incoming chargeback data/merchant ledger
• Merchant configurable users and group section
• VPOS/SECURE BATCH screens
• Secure Document Delivery system
• Account configuration information (View Only)

Our comprehensive reporting system will give you all the tools and information you need to take full advantage of implementing ACH processing.

Of course, accepting credit cards is a trusty way to process payments. ACH doesn’t have to fully replace the credit card option on your site. Consider the benefits of implementing both solutions!

What do you think? Have you implemented ACH processing on your site? Why or why not? What are your thoughts?