{"id":5674,"date":"2023-12-12T15:25:18","date_gmt":"2023-12-12T15:25:18","guid":{"rendered":"http:\/\/siships.com\/blog\/?p=5674"},"modified":"2023-12-15T15:36:43","modified_gmt":"2023-12-15T15:36:43","slug":"how-ach-payments-can-streamline-your-business","status":"publish","type":"post","link":"https:\/\/siships.com\/blog\/how-ach-payments-can-streamline-your-business\/","title":{"rendered":"How ACH Payments Can Streamline Your Business"},"content":{"rendered":"

[vc_row full_width=”stretch_row_content_no_spaces” el_class=”blog_first_row”][vc_column el_class=”How to Avoid Snags when Shipping Overseas”][vc_custom_heading text=”How ACH Payments Can Streamline Your Business” font_container=”tag:h1|text_align:left” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:700%20bold%20regular%3A700%3Anormal” el_class=”blog_detail_heading”][vc_single_image image=”5680″ img_size=”3924×2943″ alignment=”center” el_class=”blog_detail_img”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Set Up Automated Clearing House Payments with SiShips” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:500%20bold%20regular%3A500%3Anormal” el_class=”blog_detail_heading”][vc_wp_text]How would you like to save time, improve cash flow, and increase flexibility all at no additional cost? If you haven\u2019t set up Automated Clearing House (ACH) payments<\/span>, now is the time to do so. Click here to start your application.<\/a><\/span><\/p>\n

By embracing ACH, businesses and individuals can enjoy lightning-fast processing, ensuring payments and transfers are completed without the tedious wait associated with checks or wire transfers. These payments are secure and fully automated, providing peace of mind. Perhaps most significantly, you can pay all of your duties monthly in a single payment. This means ACH payments significantly reduce transaction fees, allowing for considerable savings, especially for shippers with regular and bulk orders.<\/span><\/p>\n

Combined with the personalized tracking and reporting from our signature SiShips software<\/a><\/span>, ACH payments offer a seamless, secure, and cost-effective solution for managing financial transactions in today\u2019s fast-paced global economy.<\/span>[\/vc_wp_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″ el_class=”left_cont”][vc_custom_heading text=”How do Automated Clearing House Payments Work?” font_container=”tag:h3|text_align:left” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_wp_text]Enabling ACH payments is simple for importers of record that hold a continuous bond.<\/span><\/p>\n

1. Sheltered International will request periodic monthly statement (PMS) approval from US Customs and Border Protection. This allows duty to be paid monthly.<\/span><\/p>\n

2. Once PMS is approved, Sheltered International sends the client\u2019s application t<\/span>o US Customs and Border Protection. Click here for the application.<\/a><\/span><\/p>\n

3. Once the payer unit number (PUN) is received by the client, it should be forwarded to Sheltered International.<\/span><\/p>\n

4. Once approved, any duty will be deducted from the client\u2019s account directly each month by US Customs and Border Protection.<\/span><\/p>\n

5. Sheltered International will provide an entry summary for each import alongside monthly statements.<\/span><\/p>\n

PMS track entry activities throughout the month to provide a monthly statement. This structure also extends the payment window and is where ACH payments really start to shine.\u00a0<\/span><\/p>\n

Normally, when paying per shipment, the importer must pay duties within 10 business days. However, PMS offers the importer 15 business days after the end of each cycle to pay. For example, the duties on goods imported between January 1 and January 31 will be summed at the end of the month. The monthly payment is then not due until the fifteenth business day of the following month\u2014in this example, February 21.\u00a0<\/span><\/p>\n

With this additional time, your business can extend cash flow by up to 54 days. The single payment not only makes it much easier to track your finances, but also offers significantly more control over your working capital.<\/span>[\/vc_wp_text][\/vc_column][vc_column width=”1\/2″][vc_single_image image=”5676″ img_size=”3992×2242″ el_class=”blog_detail_img”][vc_single_image image=”5677″ img_size=”3992×2242″ el_class=”blog_detail_img”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][vc_single_image image=”5682″ img_size=”full” el_class=”blog_detail_img”][\/vc_column][vc_column width=”1\/2″ el_class=”left_cont”][vc_custom_heading text=”Making Duty Payments a Breeze” font_container=”tag:h3|text_align:left” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal”][vc_wp_text]As we can see, ACH payments can save you time and money in the short and long term. Unlike credit card transactions, which often come with high processing fees, or international wire transfers that can be prohibitively expensive, ACH transactions typically have much lower fees. For an importer dealing with large volumes of transactions, these savings can be significant, directly impacting the bottom line. Over time, the reduction in transaction costs can amount to a considerable sum, making it a financially prudent choice.<\/span><\/p>\n

The predictability of ACH payments is a game-changer in terms of cash flow management. Unlike checks, which can have variable processing times, or wire transfers that may get delayed, ACH payments have a consistent processing schedule. This predictability allows for precise cash flow forecasting, enabling better financial planning and stability.\u00a0<\/span><\/p>\n

Another added benefit of ACH payments is their security. ACH payments are governed by strict regulations, providing a secure framework that significantly reduces the risk of fraud. Each transaction is encrypted and monitored, offering a level of security that is hard to match with other payment methods.\u00a0<\/span><\/p>\n

To streamline the process even further, our software SiShips <\/a><\/span>generates a duty summary (7501) <\/a><\/span>for each entry throughout the month for accounting and record-keeping. Once the month has closed, a final statement will be provided to review before US Customs and Border Protection pulls the duty on the 15th business day the following month. These reports can all be easily accessed through our software. That\u2019s less time that you have to spend on accounting and more time you can devote to supporting your customers and growing your business.<\/span>[\/vc_wp_text][\/vc_column][\/vc_row][vc_row el_class=”third_row”][vc_column][vc_custom_heading text=”SiShips Gives You the Advantage” font_container=”tag:h4|text_align:left” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:300%20light%20regular%3A300%3Anormal”][vc_wp_text]SiShips combines expertise with state of the art software to bring you high quality domestic and international shipping solutions. We put the shipper in control, offering efficient and cost effective ways to ship your product.<\/span><\/p>\n

To learn more about managed transportation with SiShips or to view a demo of our software, contact us<\/a><\/span>\u00a0today.<\/span>[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row full_width=”stretch_row_content_no_spaces” el_class=”blog_first_row”][vc_column el_class=”How to Avoid Snags when Shipping Overseas”][vc_custom_heading text=”How ACH Payments Can Streamline Your Business” font_container=”tag:h1|text_align:left” google_fonts=”font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:700%20bold%20regular%3A700%3Anormal” el_class=”blog_detail_heading”][vc_single_image image=”5680″ img_size=”3924×2943″ alignment=”center” el_class=”blog_detail_img”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Set Up Automated Clearing House Payments […]<\/p>\n","protected":false},"author":186,"featured_media":5681,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[256,257,40,259,260,231,71,261,258,66,96,37,118,128,45,50],"yoast_head":"\nHow ACH Payments Can Streamline Your Business - SiShips<\/title>\n<meta name=\"description\" content=\"BRICS nations look to challenge the long-standing dominance of the G7, a group of the world\u2019s largest and most advanced economies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/siships.com\/blog\/how-ach-payments-can-streamline-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How ACH Payments Can Streamline Your Business - 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