What is an ACH company ID?
An ACH company ID is a 10-digit identifier used by banks and Nacha, the operator of the ACH network, to identify the entity collecting payments or sending money via ACH (also referred to as an “originator”).
How are ACH company IDs used?
Company IDs help ensure that debits are made on the correct bank account since some business bank accounts may have filters in place to deny debits from unknown entities. To allow Nectar, via out payment processor Stripe, to debit from or deposit into your account, the ACH company IDs below must be provided to your bank to ensure ACH transactions will be processed.
ACH company IDs for Nectar
Nectar uses two company IDs to collect ACH debits and send ACH deposits.
1800948598 - Nectar HR
4270465600 - Nectar HR
If a dispute does occur on your a payment in your Nectar account you will be liable for any dispute fees.