Difference between revisions of "Processing ACH in Web Terminal"
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| + | When a merchant performs an ACH transaction, funds are electronically debited from or credited to the customer's checking, savings or business account. ACH is a nationwide electronic funds transfer (EFT) system that provides for the inter-bank clearing of credit and debit transactions and for the exchange of information among participating financial institutions. | ||
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==Instructions== | ==Instructions== | ||
To process a credit card transaction, click <u>Virtual Terminal</u> from the menu bar at the top of the screen. Then select <u>Web Terminal</u> and <u>ACH</u>. | To process a credit card transaction, click <u>Virtual Terminal</u> from the menu bar at the top of the screen. Then select <u>Web Terminal</u> and <u>ACH</u>. | ||
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==Transaction Types== | ==Transaction Types== | ||
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| + | '''Debit''' - A debit transaction will transfer funds from a specified bank account to the merchant's. | ||
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| + | '''Credit''' - A credit transaction will transfer funds from the merchant's bank account to another specified account. | ||
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| + | '''Void''' - A void will invalidate a debit or credit transaction. A transaction can only be voided on the same day it was initiated and prior to the ACH processor's cut off time. | ||
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==Field Descriptions== | ==Field Descriptions== | ||
Latest revision as of 14:13, 14 August 2012
When a merchant performs an ACH transaction, funds are electronically debited from or credited to the customer's checking, savings or business account. ACH is a nationwide electronic funds transfer (EFT) system that provides for the inter-bank clearing of credit and debit transactions and for the exchange of information among participating financial institutions.
Instructions
To process a credit card transaction, click Virtual Terminal from the menu bar at the top of the screen. Then select Web Terminal and ACH.
Select the appropriate transaction type, enter all transaction data, and press Process Transaction.
The response will display on the screen.
Transaction Types
Debit - A debit transaction will transfer funds from a specified bank account to the merchant's.
Credit - A credit transaction will transfer funds from the merchant's bank account to another specified account.
Void - A void will invalidate a debit or credit transaction. A transaction can only be voided on the same day it was initiated and prior to the ACH processor's cut off time.
