Didyou know
In 2010 there were over 19.4 billion ACH transactions that moved $31.74 trillion over the network.
Total ACH payment volume increased nearly 3.5% from 2009, but consumers continued to adopt e-payments at even greater rates. WEB transactions, which are direct payments made by consumers with authorization given via the internet, increased 7.4% from 2009 and comprised more than 15% of the total ACH volume. CIE (cosnumer initiated entries) transactions, which are online banking and bill pay transactions, increased by 15.6% in 2010.
Looking for more information?
Call 1 888-227-0402 to schedule a free 30 minute consultation on ACH payment options.
Achieve more with reliable ACH technology. The Fraud Practice provides innovative products and solutions that enable people and businesses to seamlessly automate payments, collection, and/or any ACH related transaction. It offers the flexibility to match any business need to an ACH solution; whether you already have developed your own system or not. It provides various integration and interface systems for any development platform.
ACH Processing:
Pricing and Comparisons
The fees associated with processing standard ACH payments are typically transactional based versus percentage based, and they represent a fraction of the cost of traditional credit cards. But many merchants stand to save more if they shop around or negotiate the costs.
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Application Fee: $25.00 -
Setup Fee: $299.00 -
Software Fee: Varies -
Monthly Maintenance: $45.00 -
Per Transaction: $0.30 -
NSF Return Fee $0.50
The following rates are our standard ACH processing rates. Discounts on processing fees start at 1,000 or more transactions per month.
The following table provides the costs of ACH processing with The Fraud Practice and four other ACH payment providers. As with credit card processing, merchants must consider all of the costs involved, not just the per transaction fee.
After figuring the total costs of payment processing merchants can calculate how much they would be paying based off their monthly number of transactions processed and the average order amount.
AdditionalResources
The Fraud practice llc.
Offering a neutral, unbiased, source for information related to setting up and maintaining solutions for online payments and fraud prevention.
Introduction to ACH Payments.
Covers the ACH process flow defining each of the "payment players"; reviews payment concepts such as clearing times, reversals, NSF, push and pull options, good funds and bad debt risk.
Guide to Alternative ecommerce payments.
If you are in the market for new alternate payment options you should consider purchasing our Guide to Alternate Payment Options. The Guide goes beyond a general market assessment to provide information businesses need to assess solution options and service providers.
Fundamentals for Selecting ecommerce payment options
The Fundamentals of eCommerce Payment Options online training course provides an introduction to the world of eCommerce payments. The course provides an overview of the main eCommerce payment options that exist today, why businesses use alternative payments, how eCommerce payment options are grouped, as well as providing examples, mind share, market share, and the major players.
