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What is a Merchant Account and Does Your Business Need One?

EBizCharge

A merchant account is a business bank account that allows companies to accept payments, such as debit and credit card transactions, electronic funds transfers (EFTs), and Automated Clearing House (ACH) payments. What is a merchant account? Should I set up merchant services for my eCommerce business?

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NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

Customers can make payments quickly, and businesses can process these transactions without hassle. Credit cards can also be used as stored payment methods for recurring payments to simplify the accounts receivable (AR) process.

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What Are ACH Prenotes and How Do They Work?

EBizCharge

An ACH prenote is a preliminary transaction verifying and validating bank account information before initiating an electronic fund transfer (EFT). Prenotes are used for many financial transactions, including direct deposit and payroll, recurring payments, loan repayments, vendor payments, and insurance premiums.

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Boosting Business Productivity with Advanced ERP Payment Systems

EBizCharge

By using ERP payments, companies benefit from a streamlined approach to managing both inbound and outbound financial transactions. This integration ensures that payment data is accurate, secure, and easily reconcilable with all other business operations data.

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Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

Payment Initiation: Once the buyer receives the invoice, they initiate the payment process. Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms.

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Understanding EDI Payments: Key Differences from ACH and EFT Transactions

EBizCharge

Ideal for businesses globally, EDI payment systems are crucial for electronic data interchange, carving a niche in the financial transaction process. What is an EDI payment? Training should cover using the EDI system, troubleshooting common issues, and maintaining data integrity and security.

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