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What is an ACH Deposit and How Does It Work?

Stax

Step 2: Transaction initiation Once your client fills out the form, they will either send it to the ACH provider or the ODFI, which stands for Originating Depository Financial Institution. Most businesses only have to pay a 1% transaction cost , and the cost caps itself at $10. When you use Stax , ACH transactions only cost $0.29

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