In today’s competitive business environment, marketing products is getting more difficult. If we talk about selling merchant cash advances, you already know how challenging the marketing process can be. Due to the beneficial features associated with cash advances and the strict eligibility requirements imposed by traditional banks, this alternative funding is increasingly gaining popularity among business owners.
ACH is one of the payment methods preferred by many businesses these days. It is a merchant cash advance transaction that can be repaid directly daily via ACH bank debits. According to a recent perceptions study, “In research and the analysis of supplier activity in the areas of invoicing, payment and remittance, credit and collections, it was noted that 83% of respondents currently receive customer payment in the form of paper checks, 71% receive payment via Automated Clearing House (ACH) and 52% receive payment via Credit/P-Card. Alternatively, when asked which payment method they preferred, 63% of those same respondents chose ACH while 25% selected paper checks.” This study clearly depicts how ACH is preferred over other payment methods.