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Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. To accept electronic payment methods fast and securely, you need a payment gateway. But not every gateway is the best payment gateway for your business. Learn More What is a Payment Gateway?
However, the percentage markup rate does not give you a full picture of your processingcosts. Effective rates The effective rate is what you want to look at to truly understand how much you are paying for your credit card processing.
An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processingcosts, and enhanced security.
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