For companies and collection agencies, keeping track of the amounts owed can end up giving you a headache. Chasing amounts owed in terms of fees, payments, and rents are time-consuming and stressful, so you may be wondering, “What is ACH Collection, and is it a valid solution for my company?”

If you are just starting as a collection agency, then you realize that you have a number of methods to collect payments. One of those methods is payments through Automated Clearing House (ACH) payments. ACH is a government-regulated electronic network through which financial institutions can transmit funds between each other. The process is similar to taking payments through credit cards, except that senders and receivers use bank routing codes instead of 16-digit credit card numbers.

REPAY offers a variety of merchant services that agencies can use to collect payments from their clients. Two of them are the ability to accept credit cards and Automated Clearing House (ACH) payment processing. But what are the advantages of these, what are the differences and under which payment scenarios should you use them? We will talk about that in this article.