ACH Processing - Why your Business should accept ACH Payments

ACH PROCESSING

Top 5 Reasons your business should be accepting ACH Payments

New payment option for customers. Whether for one-time or recurring payments customer want options. ACH is a well known safe payment vehicle

ACH transactions take precedence over paper checks when clearing the customer bank account. If 2 payments of $500 are presented to customer’s bank and one is ACH, the other a paper check the ACH is cleared ﬁrst

Accept check by phone or via web using ACH Processing. Collection calls, 24/7 payments via your website or IVR can all beneﬁt from the ability to electronically debit a checking or savings account

Payment processing fees are typically 90% less expensive than credit cards. These savings go directly to your bottom line

ACH Payment decline rates are signiﬁcantly lower than credit cards. Recurring credit card decline rates now average 15%. ACH Processing declines are typically sub 2%

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ACH Processing - Why your Business should accept ACH Payments

Published on Aug 18, 2017

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Integrating an ACH Payment Processing solution offers your users payment options and benefits. If your product or SAAS offers any kind or recurring payment functionality then an ACH transaction integration needs to be part of your offering. Here is why: Credit card decline rates continue to rise. Average recurring credit card billing return rates are around 15%. ACH payment processing return rates are typically sub 2%. Think about 15% of your expected revenue NOT coming in. And you know have to contact those customers to update billing info. ACH Processing fees are typically 80-90% less expensive than credit card fees. To many businesses reducing margins by 2.5-3% is significant but by only processing credit cards this is a reality.

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