Many merchants have been pressing us to add “ACH” or “eCheck” payments in the USA.
With ACH payments, your customer pays you directly from their bank account.
Fees for ACH transactions are less expensive than for any other form of payment:
• You will pay 2-3% for credit card processing, and that’s for “qualified” transactions… certain card types (business credit cards, American Express, etc.) can push the cost up to literally 4%, depending on who you use for card processing.
• ACH transactions through Authorize.Net cost you just 1% and get less expensive as your volume increases.
The average Chargify merchant pays $438/mo for credit card processing. With ACH, they’d pay $146/mo.