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ACH Debit
An ACH debit occurs when the receiver’s account is debited.
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Check-by-Phone
Check by Phone or “checks by phone” is the patented process of recreating and printing a check without having the original paper check. Check by Phone payments are remotely authorized and do not require the signature of the payer. Learn more about Check by Phone here.
Related Terms
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Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
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