For a merchant who is conducting an online offshore business, it is essential to have a bank that can process ACH transactions. ACH processing facilitates allow your company to accept check payment transactions in real time. ACH check processing can help in increasing the sales by up to 20% and thus triggers growth of your sales at a faster rate.
Banks or financial institutions in various jurisdictions classify ACH merchant accounts mainly in two categories based on the risk profile. First is the normal account in which merchant directly accesses the card ensuring that he is a legitimate customer. The risk involved in it is very low or minimal. The other is high-risk ACH merchant account in which it is not possible to visually testify the customer. These accounts include adult entertainment merchants, replica merchants, online tobacco merchants, and simply any transaction in which the customer is physically not present. Thereby, these accounts are classified as “high risk” ACH accounts and it is highly recommended to consult a company that specializes in this. All banks have strict guidelines when it comes for high-risk merchant accounts and are even much harder in adult oriented merchants.
Lastly, ACH is a very popular payment method for online pharmacies and payday loans companies.