ACH Payment Processing
Collect directly from a bank account

ACH payments are easier (and cheaper) than paper checks

  • It costs a business on average $1.22 to process a paper check (electronicpayments.org)
  • PaySimple ACH payments cost a flat $0.55 each
  • Get NSF or failed payment notifications instantly (rather than waiting a 7-10 days)
  • ACH reduces time and resources needed to prepare paper invoices, handle paper checks, and go to the bank
  • Automatically track ACH payments back to your customer (no manual reconciliation needed)
ach-v-echeck-cost

Want to see it in action?

echeck-v-debit

ACH processing can be preferred over debit cards

  • For a transaction over $20, ACH processing will cost less than a debit card payment
  • An ACH account provides all the options of debit cards, including recurring billing and even online payments
  • Clients can prefer paying via direct debit than with a credit or debit card, enabling you to provide better service

What you can do with an ACH Account?

  • Direct debit your customers' checking accounts
  • Turn your computer into a virtual cash register and accept ACH payments by phone, online, or in person
  • Set up recurring billing to direct debit customer checking accounts on an automatic schedule
  • Automatically convert paper checks into an ACH transfer
  • Get real-time transaction status updates
  • Eliminate time-wasting trips to the bank
  • Provide better customer service with more flexible payment options
placeholder+image

How does ACH work?

Put very simply, the ACH network moves money from one bank account to another – electronically.

The Receiver can be any individual, corporation or other entity that has authorized an Originator to initiate a credit or debit entry to a transaction account held at an RDFI.

The Originator can be any individual, corporation or other entity that initiates entries into the Automated Clearing House Network.

The Originating Depository Financial Institution (ODFI) is a participating financial institution that originates

ACH entries at the request of and by (ODFI) agreement with its customers. ODFI's must abide by the provisions of the NACHA Operating Rules and Guidelines.

The Receiving Depository Financial Institution (RDFI) is any financial institution qualified to receive ACH entries that agrees to abide by the NACHA Operating Rules and Guidelines

What does ACH stand for?

ACH (or Automated Clearing House) is a nationwide electronic funds transfer system which provides for the interbank clearing of electronic payments.

ACH payments processed through the PaySimple system are processed using this secure, highly reliable network, and is also the same network used by federal bank and government institutions to securely transfer funds. The Federal Reserve acts as an ACH Operator through which banks transmit or receive ACH entries.

Want to see it in action?

See a Free Demo