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Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like ElectronicFundsTransfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. The average cost of ACH is between $0.26 Which one should you choose?
Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. Benefits of Accepting ACH Payments The ability of a business to accept an ACH payment can be advantageous.
It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. On the other hand, surcharging passes the processingcost to the customer. On the other hand, surcharging passes the processingcost to the customer.
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