ACHs process large amounts of credit transactions and batch credits. ACH transfers are initiated by the payer and include payments such as: direct payments, payslips, retail customer payments and payment payments to borrowers.  ACH collection procedures are initiated by the recipient with pre-authorization from the payer; ACH levies include consumer payments, such as electricity bills, insurance premiums, mortgages and other types of bills.  Transactions received during the day by the bank are recorded and forwarded in batches to the ACH. ACHs are net billing systems, so billing can be delayed for days and there is some billing risk. ACHs can allow the transfer of a limited amount of additional information and payment instructions. If you choose to use a bank account as a method of payment, you can pay the fees due for the use of our services using a valid bank account (“ACH”) with a U.S.-based financial institution. If you decide to pay through ACH, you allow Goodly (or its agent) to debit your bank account for the total amount of fees earned. Your transaction must be payable in dollars.
Well, at its discretion, this payment option service may be denied to anyone or any user without notice at any time for any reason. Transactions we deal with your bank account are listed as “good” (or similar identifier) on the statement of your bank or other financial institution that holds your account. Any questions about the transactions we have made through your bank account must first be addressed to us, but may also require the participation of your bank. In the United States, in the late 1960s, a group of banks in California were looking for a replacement to pay cheques.  This led to the first automated clearing house in the United States in 1972, managed by the Federal Reserve Bank of San Francisco.  BACS operated from the outset on a net billing basis. ACH clearing transactions reduce the amount of deposits a bank must hold.  When the customer subscribes to a paid product that is part of Goodly Services, the customer authorizes Goodly and its designated liquidators to store bank account information and other related information provided by the customer. The customer authorizes Goodly to automatically deduct all charges related to such a product paid from the customer`s declared bank account through ach-debit if these fees are payable, as indicated in the Agreement on Individual Good Services or any other applicable agreement for such a paid product.
The customer agrees to comply with POSTA rules for ACH transactions. By choosing your bank account as a method of payment, you agree that: (a) you have read, understood and accepted these terms and conditions and that this agreement constitutes a “writing that you sign” in accordance with applicable legislation or applicable regulations, b) you accept the electronic transmission of the references contained in these conditions, (c) you authorize Goodly (or its agent) , to respond to all requests that we have deemed necessary to validate all disputes concerning your payment. , including ordering a credit report and performing other credit checks or verifying the information you provide to third-party databases, and (d) you allow goodly (or its agent) to launch one or more ACH debit stations (withdrawals) and you authorize the financial institution holding your bank account to deduct these payments in the amounts and frequency indicated in your current payment plan. This authorization to initiate flow ach operations will remain fully in effect and effective until Goodly receives a written notification from the Customer by email to [email protected] at least thirty days (30) before the date on which the product charges are due. Because these are electronic transactions, these funds can be withdrawn immediately from the bank account indicated by the client. In the case of an ACH debit transaction that has been refused due to insufficient resources, the customer understands that Goodly may, at its sole discretion, attempt to reduce the load