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What is an ACH debit?
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What is an ACH Debit?
An ACH debit allows a payee to initiate a debit of the payer's bank account, with the funds shifting into the payee's bank account. An ACH debit is typically implemented between entities that plan to do business with each other for an extended period of time. The concept is attractive to a payer that does not want to continually issue check payments or run the risk of forgetting to make a payment. The payee gains the assurance of a consistent payment schedule.
Get Mfon Akpan’s book ‘The Hitchhiker’s Guide to Virtual Reality’ here:
#shorts #tiktok #accounting #achdebit
#shorts
An ACH debit allows a payee to initiate a debit of the payer's bank account, with the funds shifting into the payee's bank account. An ACH debit is typically implemented between entities that plan to do business with each other for an extended period of time. The concept is attractive to a payer that does not want to continually issue check payments or run the risk of forgetting to make a payment. The payee gains the assurance of a consistent payment schedule.
Get Mfon Akpan’s book ‘The Hitchhiker’s Guide to Virtual Reality’ here:
#shorts #tiktok #accounting #achdebit
#shorts