What ACH payment means
An ACH payment moves money directly from the customer's bank account to yours through the bank network, usually for a lower fee than cards.
Also called bank transfer, eCheck.
Where it shows up in your business
Large invoices are cheaper to collect by ACH. Offer it next to card payment on big jobs, and know that ACH payments take a few days to settle.
Work it out
- Free template: Invoice template
- Money guide: Credit card surcharge rules
- Money: Money guides for contractors