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why doesn't ach work on weekends or holidays?
The Next CEO of Stack OverflowHow to create and submit an ACH file?Collecting and Making ACH PaymentsStripe vs Balancedpaypal sandbox unable to process requestFiserv/OSI DNA and ACH Origination jobWhich PayPal setup is best for marketplace?PHP Paypal Auth/Capture NVP Integration TroublesACH eCheck payment via Forte payment processing, one time tocken and restAPIDB Design: Subscription / Invoice Model
It seems strange to me that ACH payments can only be made on business days, during business hours. SFTP, SSH, HTTP, etc.. no other protocol has a "works only on business days" limitation like ACH does. My question is... why? Why can ACH payments only be processed during working hours?
I can't imagine a person is needed to manually sign off on each one before it happens. There'd be too much volume for that I imagine.
payment payment-processing banking
add a comment |
It seems strange to me that ACH payments can only be made on business days, during business hours. SFTP, SSH, HTTP, etc.. no other protocol has a "works only on business days" limitation like ACH does. My question is... why? Why can ACH payments only be processed during working hours?
I can't imagine a person is needed to manually sign off on each one before it happens. There'd be too much volume for that I imagine.
payment payment-processing banking
add a comment |
It seems strange to me that ACH payments can only be made on business days, during business hours. SFTP, SSH, HTTP, etc.. no other protocol has a "works only on business days" limitation like ACH does. My question is... why? Why can ACH payments only be processed during working hours?
I can't imagine a person is needed to manually sign off on each one before it happens. There'd be too much volume for that I imagine.
payment payment-processing banking
It seems strange to me that ACH payments can only be made on business days, during business hours. SFTP, SSH, HTTP, etc.. no other protocol has a "works only on business days" limitation like ACH does. My question is... why? Why can ACH payments only be processed during working hours?
I can't imagine a person is needed to manually sign off on each one before it happens. There'd be too much volume for that I imagine.
payment payment-processing banking
payment payment-processing banking
asked Jul 4 '14 at 16:02
user3722537
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2 Answers
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Have a read of this:
https://www.paypalobjects.com/en_US/vhelp/paypalmanager_help/about_ach_payments.htm
I believe it is down to no one being around to approve the payment...
answered Jul 4 '14 at 16:06
YFPYFP
28128
add a comment |
SFTP, SSH, HTTP, etc., are all computer communications protocols.
ACH is a banking protocol, made for interacting with banks and for moving people's money around. Banks (and other financial institutions) get to say when they open and close, and when they are available for business.
ACH protocol transactions are business transactions and so are subject to extra rules, regulations, and oversight.
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
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2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
Have a read of this:
https://www.paypalobjects.com/en_US/vhelp/paypalmanager_help/about_ach_payments.htm
I believe it is down to no one being around to approve the payment...
answered Jul 4 '14 at 16:06
YFPYFP
28128
add a comment |
Have a read of this:
https://www.paypalobjects.com/en_US/vhelp/paypalmanager_help/about_ach_payments.htm
I believe it is down to no one being around to approve the payment...
answered Jul 4 '14 at 16:06
YFPYFP
28128
add a comment |
Have a read of this:
https://www.paypalobjects.com/en_US/vhelp/paypalmanager_help/about_ach_payments.htm
I believe it is down to no one being around to approve the payment...
answered Jul 4 '14 at 16:06
YFPYFP
28128
Have a read of this:
https://www.paypalobjects.com/en_US/vhelp/paypalmanager_help/about_ach_payments.htm
I believe it is down to no one being around to approve the payment...
answered Jul 4 '14 at 16:06
YFPYFP
28128
answered Jul 4 '14 at 16:06
YFPYFP
28128
answered Jul 4 '14 at 16:06
YFPYFP
28128
answered Jul 4 '14 at 16:06
YFPYFP
28128
28128
add a comment |
add a comment |
SFTP, SSH, HTTP, etc., are all computer communications protocols.
ACH is a banking protocol, made for interacting with banks and for moving people's money around. Banks (and other financial institutions) get to say when they open and close, and when they are available for business.
ACH protocol transactions are business transactions and so are subject to extra rules, regulations, and oversight.
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
add a comment |
SFTP, SSH, HTTP, etc., are all computer communications protocols.
ACH is a banking protocol, made for interacting with banks and for moving people's money around. Banks (and other financial institutions) get to say when they open and close, and when they are available for business.
ACH protocol transactions are business transactions and so are subject to extra rules, regulations, and oversight.
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
add a comment |
SFTP, SSH, HTTP, etc., are all computer communications protocols.
ACH is a banking protocol, made for interacting with banks and for moving people's money around. Banks (and other financial institutions) get to say when they open and close, and when they are available for business.
ACH protocol transactions are business transactions and so are subject to extra rules, regulations, and oversight.
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
SFTP, SSH, HTTP, etc., are all computer communications protocols.
ACH is a banking protocol, made for interacting with banks and for moving people's money around. Banks (and other financial institutions) get to say when they open and close, and when they are available for business.
ACH protocol transactions are business transactions and so are subject to extra rules, regulations, and oversight.
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
answered Jul 4 '14 at 16:18
Ethan FurmanEthan Furman
36.9k1192158
36.9k1192158
add a comment |
add a comment |
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