Webmasterchecks, an Arizona-based check payout processor, has announced that they are now able to provide International ACH Services for companies interested in making direct payments to Europe, Canada, and Mexico. These new payment options is expected to allow international affiliates of Webmasterchecks clients to receive their funds directly to their bank accounts in a shorter time span than previous methods.
Reportedly, Automated Clearing House (ACH) transactions are being adopted in Europe, as the individual European governments are expanding infrastructure to accommodate Single Euro Payments Area (SEPA).
Rich Lloyd, Webmasterchecks, said: We have made transactional arrangements with US Bank to expand our international ACH payment methods that we offer to include an ACH solution for Canada and Mexico, as well as Austria, Germany, the Netherlands, Switzerland and the United Kingdom, which is a very big step forward for our company and our clients because citizens in many areas of those regions are very familiar and comfortable with ACH, much more so than other payment types such as foreign checks, for instance.”
Business owners are seeing International ACH as a increasingly useful payment tool because the transactions are booked directly with the bank and can be settled in a variety of currency choices. That makes the accounting side of the equation much easier with the transactions instantly reported and the electronic data-trail far easier to work with than a traditional paper-trail from thousands of physical checks,” he added.
