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Alternative Payment Methods Every Online Business Should Consider

My Payment Savvy

Smart business owners are discovering that alternative payment methods can solve many of these issues while actually improving the customer experience. Alternative payment methods (APMs) are any solutions that don’t rely on traditional credit or debit cards. Looking for ways to cut processing costs?

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The Top Payment Methods For Small Businesses

Stax

The emergence of digital payments hasnt completely stifled cash-based payments, and they still account for 16% of all transactions. We recommend cash payments for very small businesses because of the significant processing fees imposed on other alternative payment methods, especially card payments.

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What is an ACH Deposit and How Does It Work?

Stax

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

ACH
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What Is an Electronic Check?

Payment Savvy

With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. It is crucial that you set up an alternative payment method as quickly as possible.

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An Overview of Payment Regulation In The USA

Clearly Payments

Payment Networks: Major payment networks such as Visa, Mastercard, and the Automated Clearing House (ACH) Network also play significant roles in regulating payment transactions. These state agencies add another layer of regulation, contributing to the complexity of the regulatory landscape.