Ach fraud also growing these yrs since it is getting popular. But there are ways to min risk. Banks offer service to filter ach fraud. Once your account post a charge, you get an alert and can either decide to pay or reject. You can also set up limit that can be pulled on single day basis or limit on a consec days basis.
You should only set up ach with business you are familiar with. So set up ach with first time customer involves some risk.
For individual, you can dispute charge in 60 days. For business, it could be just one day.
So as long as you know the risk and set up proper protection, you should be fine.
In today's world, nothing is risk free.
You should only set up ach with business you are familiar with. So set up ach with first time customer involves some risk.
For individual, you can dispute charge in 60 days. For business, it could be just one day.
So as long as you know the risk and set up proper protection, you should be fine.
In today's world, nothing is risk free.