From Paycorp to Razorpay: Top ACH payment gateway providers in India

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Automated Clearing House, popularly referred to as ACH, is the process of electronic transfer of funds between banks and credit unions. It can be used for direct deposit of salaries in the form of pay checks or routine monthly payments to vendors. When banks are connected with ACH processing gateway providers, it can lead to ease in payment, and access to financial institutions that benefits the merchant immensely. Here are some ACH payment gateway providers in India that have made payments easier for small and medium enterprises.

Paycorp.io
Paycorp Solutions Pvt Ltd launched Automated Clearing House payment gateway earlier this year. It provides a convenient alternative to payments through traditional methods like debit cards, credit cards, UPI or net banking. The consumer can now split the payment into easy monthly instalment without the need to apply for loans, or without the use of credit cards. All one needs to do is maintain sufficient balance in the account. A notification is provided before a payment is due, so that one can have required balance in the account. This enables the users to plan their purchases better and prevents blocking of a large sum in one go.

Paypal
Paypal has become one of the most preferred ways of payment, enabling small businesses to transfer payments electronically without the use of a card. By connecting the bank account of the company and the receiver, Paypal is safe and functional for receiving payments. In this process it uses an electronic interface that is operated by Federal Reserve and through ACH the payment is made successfully. While the process is carried out from one bank to another as the payer sends a request to link the account and then a confirmation is sent by the receiver, the process can take anywhere between three to five working days.

STRIPE
It has emerged as the best form of ACH payment platform specifically for e-commerce. With no monthly fee and an excellent international support, the ACH is included in basic account, that means that the process can be carried out faster. The subscription billing services are also appreciated by the consumers. ACH processing included with every account adds to the utility factor. Stripe payments when integrated with payments from platform create an ease of process. The anti-fraud protection feature is another plus point here.

SQUARE
This one has ACH included with basic accounts too and with no monthly fee for such accounts it is perfect for startups that have to save every penny. It enables occasional non cash payment and benefits the account holder with predictable flat rate pricing. What started as a basic mobile only processing solution has become a full featured ecosystem of payments. Enabling credit, debit card processing along ACH payment it is the best answer for those who run low on cash on monthly basis.

Razorpay
Razorpay has emerged as the fast and easy form of payment options for e-commerce. The gateway is safe and secure and has become a trustworthy name. It enables not just ACH payment but also SEPA, FedWire, SWIFT, BACS and other payment options that is apt for cross border payments. It empowers the Indian exporters who can now collect payments from local and international vendors right from their headquarter. The use of cutting edge technology enables a hassle free payment process.

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