ACH Payment Confirmations
TimACA
Member Posts: 2
1) When a client uses the ACH payment method, will this confirm the funds in the account are sufficient to process the ACH before giving me a notification the payment is received? I believe this is the case with CC payments, so I know if it processes they did not use fake details or details of an account with insufficient funds.
2) If the ACH payment is made outside of business hours, will it make this check and provide the confirmation of payment immediately or will it wait until banking hours resume?
I process invoices in the 10's of thousands, even up to the top limit of $100k. I would need to know at what point I have confidence that the payment made is actually legitimate. I can work with the delay in the funds arriving to my account, but finding out after I've gone ahead and prepaid my vendors that the payment is false will break my business.