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In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. in payment volume growth in Q4 2021.
It comes with lower fees, making it a better option for businesses looking to save on payment processingcosts. ACH debit transactions are governed by the National Automated Clearing House Association (NACHA) rules, which outline strict security protocols for handling electronic payments. Is Direct Debit Safe? In the U.S.,
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