Ach Payments - High Risk Processing For High Risk Merchants

Posted by ACH Payments on January 2nd, 2021

ACH Payment Processing is ideal for recurring payments where the business is collecting regular payments for services or goods. Subscription billers should all be using ACH payments.

ACH Payment processing costs are 80-90%+ less expensive than comparable credit card payments. As an example, if the payment amount is 0 and the customer pays via credit card it’s likely the average cost to process the payment is 2.5% or .50. Using Check It ACH that same payment might cost 30 cents saving 88%. If you are collecting hundreds or thousands of payments you are adding 2.2% to your profit margin.

Auto Pay via ACH significantly reduces payment collection costs. Not having to invoice and process paper save businesses 0 or more per customer, year over year.

ACH Payment decline rates are significantly lower than credit cards. Think about the last time you changed bank accounts versus the last time your credit card changed. Decline rates for credit cards can easily exceed 10%. In the  High Risk ACH world decline rates for recurring ACH billing are usually sub 2%. The amount of work involved with updating credit cards can be staggering.

Automated ACH Integration Payments create reliable, smooth cash flow. Knowing you can count on $X/month hitting your bank account makes paying out rent and salaries much less stressful on the business owner.

Customers like payment options. Providing more than a credit card payment option makes it easier to get auto pay adoption. Go to most any gym and sign up for monthly membership. You will hear “We can debit your checking account or credit card. Which would you prefer?”we are also read for 10 Tips To Have Effective Communication By Having Sign Language Interpreter. So if you collect recurring payments via ACH Payment Processing is an absolute must.