Remove ACH Processing Remove Processing Costs Remove Volume
article thumbnail

Can an ACH API benefit your organization? 2019 Version

Agile Payments

ACH payments and disbursements aren’t new. ACH payments have been around since 1974, and by the end of 2016, the total volume of ACH processing exceeded $40 trillion. In many cases ACH should be the defacto payment method for anything recurring.

ACH 77
article thumbnail

ACH Check Processing: Understanding ACH Fees

EBizCharge

NACHA ensures the reliability and security of these transactions, providing a backbone for the financial industry, where millions of payments are processed daily, ranging from payroll deposits to bill payments. What are ACH processing fees? flat fee whether it processes a $100 or a $10,000 transaction.

ACH 52
article thumbnail

ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

Outside of commercial applications, ACH is also heavily used by the U.S. Many other countries have also created systems to mimic the ACH process. As a business, it’s critical to understand how ACH transactions work and their associated challenges. So, what are some of the most common reasons for initiating a return?

ACH 52
article thumbnail

How To Find the Best Credit Card Processor for Small Business in 2024

Stax

However, the percentage markup rate does not give you a full picture of your processing costs. 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. As with Stax, this isn’t the best solution for extremely low-volume businesses.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 This was 3% higher than the volume from the same quarter in the previous year.

ACH 88