Hiveage, the online invoicing and billing Software-as-a-Service company geared toward freelancers and small businesses, announced Wednesday (Nov. 9) the availability of ACH for its customers in the U.S. The service is being offered through eCheck.Net by Authorize.Net.
“Over the past few months, our U.S. users have been requesting for ACH and [to] make this important feature available in Hiveage soon,” said Lankitha Wimalarathna, founder and CEO of Hiveage, in a press release to announce the new feature. “I am happy to announce that we have enabled this convenient and secure payment option for them. Now, our users can process their invoice payments electronically through ACH with ease.”
With ACH, users can collect payments electronically by debiting their customers’ checking or savings accounts directly, the company said.
Hiveage said the eCheck.Net service of Authorize.Net uses the ACH Network to process fund transfers from a customer’s bank account to the merchant’s bank account. ECheck.Net transactions are governed by ACH processing rules established by the National Automated Clearing House Association (NACHA), in addition to the Electronic Funds Transfer Act and Regulation E, as established by the Federal Reserve Board, the company noted.
“ACH transfers are simple and convenient in Hiveage. When enabled, users will see a link with the title ‘Pay with Bank Account’ when they try to make a payment for an invoice. Selecting this option will open a form where they can enter their bank account details and billing address and authorize the payment. Our commitment towards becoming the best online invoicing service in facilitating faster and convenient ACH payments will be further strengthened with the introduction of automated recurring billing with ACH via Authorize.Net, as well as enabling ACH payments via Stripe within the next few months,” Wimalarathna added.