What Is ACH Processing & Why It Matters in the USVI
ACH (Automated Clearing House) is the electronic network in the U.S. for batch-processed debit and credit transactions directly between bank accounts. Rather than passing funds through credit card networks, an ACH transaction moves money using a customer’s routing and account number. It is often less expensive for merchants and can support recurring payments, invoicing, and subscriptions. In the US Virgin Islands, traditional merchant processors can be limited or impose high fees because of logistical or regulatory challenges. Many providers shy away from servicing Caribbean territories. MagicPay, however, explicitly supports merchant services in the USVI, including ACH / eCheck processing . How MagicPay’s ACH Service Works for USVI Merchants Single or Recurring Payments : You can accept one-time ACH payments or schedule recurring debits for subscriptions, memberships, or utility billing. Fast Funding : MagicPay offers 24-hour funding (if your bank is ...