ACH Integration
ACH stands for "Automated Clearing House". It is an electronic debit
or credit that can be initiated from any checking or savings account for
either one time payments or recurring payments.
ACH is now integrated in RTO Pro. Your customers with a checking or
savings account can pay their payments via ACH. They can pay by ACH on a
recurring basis or just as a one time payment.
Pricing for you to accept ACH payments in RTO Pro:
| $0.25 per transaction fee |
| $1.00 return fee |
| $10.00 monthly fee (Per company no matter how many
locations) |
For returned ACH you can still charge an NSF fee but you are only
getting charged $1.00 compared to the $8.00 to $20.00 most banks charge
for checks returned to you.
To setup a customer to pay by ACH all you have to do is get their
account and routing number, this information is saved in RTO Pro. Then
set which contracts are to be paid automatically by ACH. Then when you
run recurring billing you click one button and all your customers who's
contracts are due to be processed will automatically be ACH Debited and
their payments will be entered in 1 step. You can have 1 or 1000
customers setup for ACH and they are all processed with 1 click! Your
checking account will be credited the next day for all ACH Debits
processed.
ACH can also be used as a telephone authorized one time payment. If a
customer calls and wants to pay by ACH you can accept their payment over
the phone.
For more information about ACH or to get setup call 800-351-6299
If you are a RTO Pro customer and are ready to
get setup for ACH click here for instructions and paperwork to get
started.
How to use ACH recurring billing in RTO Pro
Note: Customers can pay recurring
billing by credit card also if you use X-Charge for credit card
processing with RTO Pro. Call 800-351-6299 for more info about X-Charge.
1. When a customer wants to pay by ACH enter their ACH info: Alt-E from
the Payment Screen or click on the "Credit Card / ACH Info" button on
any customer screen. Click on the "Print ACH Authorization Form" button
to print an Authorization form for the customer to sign.
2. For each contract the customer wants to pay automatically by ACH or
Credit Card enter the number of payments to pay at a time (generally 1)
and how many days before they are due to process the ACH (generally 0,
which would be the day they are due). You set this up in Contract
Maintenance (Point of Sale Menu option 3) or push F11 twice from the
Payment Screen, you can also enter this information when you load a new
rental agreement.
3. Go to Recurring Billing (Point of Sale Menu > Alt-B) and click the
"Process Now" button. Anybody who is setup to pay by ACH or Credit Card
will be charged and their payment will be entered in 1 step. It doesn't
matter if you have 1 or 1000 customers setup they are all processed in 1
click.
The ACH funds are generally credited to your account the next day. ACH
can also be used for 1 time payments also.
For more info about what ACH is and how it works see this link:
http://www.nacha.org/About/what_is_ach_.htm
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