The Importance of an ACH API

Digital funds transfer is the lifeblood of modern business, whether it’s for e-commerce or transactions in a traditional brick-and-mortar environment. Independent software vendors (ISVs) are at the epicenter of the payments industry, providing point-of-sale solutions in a wide range of applications to serve their merchant clients and in turn, those merchants’ customers. With developers pushing the envelope and innovating at such a fast pace, we must not forget about the importance that ACH technologies can bring to the applications they create.  Software providers should look to find a robust ACH API to add the necessary functionality to their software.

Why Is ACH Functionality So Critical?

The automatic clearing house (ACH) system provides customers the convenience of authorizing one-time charges or recurring payments, especially for managing monthly subscriptions and invoicing. bills. Meanwhile, businesses enjoy several key advantages with ACH payments:

• An alternative option to credit cards.
• Ability for businesses to pay their supplier (B2B benefits).
• Funds are transferred electronically, eliminating the handling of physical checks.

In certain business scenarios, the cost per ACH transaction can significantly drop as your volumes increase. The benefits mentioned above are just some of the advantages for both merchants and end customers.   For software applications that support recurring billing, business to business management and subscription management an ACH API is a vital payment type.

Integrating ACH Payments into Your Software Application

The bottom line? It’s clear that an ACH API element adds valuable functionality to the software you develop. According to the National Automated Clearinghouse Association, more than $43 trillion per year is moved through the ACH Network each year.  Don’t overlook the essential step of finding a well-crafted, robust ACH API.

Paragon Payment Solutions offers revolutionized integrated payments tools for your development needs. Contact us to learn more about tailored solutions for your software.

Ready to see our API or open a test account?  Looking for more information on our Partner Programs?  Are you a merchant with a question?  We are here to help!