Integrated ACH Payments
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
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 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