Direct Collections for Quicker Availability
When your customers send you recurring payments, ACH Origination Debit can accelerate the collection process. This service is ideal for companies whose receivables include items such as insurance premiums, rents, taxes, and mortgage payments. Once the customer authorizes the scheduled debit from their account to yours, they no longer have to worry about late, missed or lost payments. Because you control the timing of the debit, you know exactly when the funds will be available to your business. The service often proves so successful that companies offer their customers a discount for enrolling.
Whether used to remit or collect recurring payments, ACH services deliver a more efficient alternative to checks at a lower cost than a wire transfer. Your Sterling banker will help identify the optimum applications for your business as well as its vendors, employees and customers.
For more information, contact Anna Roina, Vice President & Certified Treasury Professional (CTP) at 212.575.4539 or email to email@example.com