7 things you should know before setting up ACH billing<br />paysimple.com |  follow @PaySimple | facebook.com/paysimple<br />
Outline<br />ACH billing tends to have lower transaction fees<br />www.paysimple.com |  follow @PaySimple| facebook.com/pa...
1. Lower transaction fees<br />Average transaction:<br />$50<br />Credit card fee:<br />2.3% - 2.9% + $0.30 (flat)<br />Co...
Lower transaction fees<br />Average transaction:<br />$50<br />ACH fee:<br />$0.55 (flat)<br />Cost of transaction:<br />$...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />www.pay...
2. Processing times<br />Credit card<br />	2-3 days<br />ACH / eCheck<br />	3-5 days<br />Paper check<br />	Varies, depend...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, AC...
3. Different from debit card transactions<br />ACH<br />ACH billing is different from the more common debit card transacti...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, AC...
4. Non-sufficient funds<br />ACH payments can return as NSF, even if the transaction initially goes through<br />Similar p...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, AC...
If you accept other forms of payments, note that ACH fees are debited separately from gateway costs or credit card fees<br...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, AC...
6. Authorization required!<br />ACH billing still requires authorization<br />Authorization forms are sometimes used for A...
Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, AC...
7. ACH dispute policies<br />NACHA’s three reasons for ACH dispute charges:<br />No authorization<br />Processing date was...
Thank you!<br />www.paysimple.com |  follow @PaySimple | facebook.com/paysimple<br />
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7 things you should know before setting up ACH billing

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Find out more about setting up ACH billing for your business, including information about fees, processing time, authorizations, and more.

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7 things you should know before setting up ACH billing

  1. 1. 7 things you should know before setting up ACH billing<br />paysimple.com | follow @PaySimple | facebook.com/paysimple<br />
  2. 2. Outline<br />ACH billing tends to have lower transaction fees<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  3. 3. 1. Lower transaction fees<br />Average transaction:<br />$50<br />Credit card fee:<br />2.3% - 2.9% + $0.30 (flat)<br />Cost of transaction:<br /> $50(2.3% - 2.9% )<br />+ $0.30 ___________ $1.45 – 1.75<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  4. 4. Lower transaction fees<br />Average transaction:<br />$50<br />ACH fee:<br />$0.55 (flat)<br />Cost of transaction:<br />$0.55<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  5. 5. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  6. 6. 2. Processing times<br />Credit card<br /> 2-3 days<br />ACH / eCheck<br /> 3-5 days<br />Paper check<br /> Varies, depending on bank<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  7. 7. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, ACH billing is different than a debit card transaction<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  8. 8. 3. Different from debit card transactions<br />ACH<br />ACH billing is different from the more common debit card transaction<br />You get bank account info from customers<br />They use different processors<br />They follow different policies<br />
  9. 9. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, ACH billing is different than a debit card transaction<br />ACH billing payments can still return for NSF<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  10. 10. 4. Non-sufficient funds<br />ACH payments can return as NSF, even if the transaction initially goes through<br />Similar process to paper checks, since the account balances are not instantly checked<br />The electronic transaction simply checks that the bank account exists<br />Consider limiting ACH billing to trusted customers or clients<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  11. 11. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, ACH billing is different than a debit card transaction<br />ACH billing payments can still return for NSF<br />ACH Transaction fees will be debited separately from your other transaction costs<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  12. 12. If you accept other forms of payments, note that ACH fees are debited separately from gateway costs or credit card fees<br />5. ACH fees are debited separately<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  13. 13. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, ACH billing is different than a debit card transaction<br />ACH billing payments can still return for NSF<br />ACH Transaction fees will be debited separately from your other transaction costs<br />ACH billing requires authorization<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  14. 14. 6. Authorization required!<br />ACH billing still requires authorization<br />Authorization forms are sometimes used for ACH billing, similar to a signature on a credit card receipt<br />Other times, authorization can be obtained over the phone<br />Different types of customer authorizations:<br />Variable amounts<br />Recurring amounts<br />Varying days<br />Maximum (or “do not exceed”) amounts<br />
  15. 15. Outline<br />ACH billing tends to have lower transaction fees<br />ACH billing has different processing times<br />Yes, ACH billing is different than a debit card transaction<br />ACH billing payments can still return for NSF<br />ACH Transaction fees will be debited separately from your other transaction costs<br />ACH billing requires authorization<br />ACH billing has different dispute policies than credit cards<br />www.paysimple.com | follow @PaySimple| facebook.com/paysimple<br />
  16. 16. 7. ACH dispute policies<br />NACHA’s three reasons for ACH dispute charges:<br />No authorization<br />Processing date was prior to authorization<br />Transaction is for different amount than authorized<br />
  17. 17. Thank you!<br />www.paysimple.com | follow @PaySimple | facebook.com/paysimple<br />

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