Did you know that you can make ACH payments to ABE?
ACH stands for Automated Clearing House, a U.S. financial network used for electronic payments and money transfers. Also known as “direct payments,” ACH transfers are one of the main ways to send or receive money online, without using paper checks, credit card networks, wire transfers, or cash.
ACH payments are a type of Electronic Funds Transfer and are a popular alternative to paper check and credit card payments for many businesses. Because they are electronic, they are faster and more reliable than checks, leading to automated and more streamlined accounting.
There are two types of ACH payments, ACH debit and ACH credit transactions.