What is ach credit?

ACH credit stands for Automated Clearing House credit, which is a type of electronic funds transfer that allows businesses to receive payments directly from a customer's bank account. This method of payment is commonly used for things like direct deposit of payroll, vendor payments, and customer payments.

ACH credit transactions are processed in batches and typically take 1-3 business days to clear. This means that the funds will not be available immediately, but will be transferred from the customer's bank account to the business's bank account within a few days.

ACH credit transactions are often preferred by businesses because they are low cost, efficient, and secure. Customers also benefit from the convenience of not having to write and mail physical checks.

It's important to note that ACH credit transactions require the customer's authorization and bank account information in order to process the payment. This information is usually provided by the customer when setting up recurring payments or making a one-time payment.