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Yet both of these strategies require a third-party serviceprovider to facilitate payment processing, whether funds are coming in via check or ACH. ACH’s Embedded Frictions. Again, third-party serviceproviders play an important role in alleviating ACH friction for companies. ACH’s B2B Future.
At the center of many of these discussions is the issue of ACHunderwriting, which sees FIs establish how long it takes for funds to actually settle into an account. Maiolo spoke with PYMNTS about why businesses need that accelerated cash flow and how data is imperative for money to move more quickly between businesses.
After this, it usually takes about 3-5 days to get approvals post the underwritingprocess. This makes ACH PayFacs a desirable option for small businesses or start-ups. If you’re on a tight budget, partnering with an ACH PayFac that operates on a custom revenue-sharing model would be the best option.
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