Nilson Report: Offers ACH Payments for CNP Merchants Offers ACH Payments for CNP Merchants

Card-not-present merchants in the U.S. can offer an automated account-to-account payment acceptance method through a hosted service available from check Buyers enter their bank routing and account numbers to make payments, which are settled through the automated clearing house (ACH) network. 

Merchants usually pay a flat fee per transaction if they want additional buyer authentication and their credentials to help protect against payments returned for non-sufficient funds. says the pricing is lower than the current Federal Reserve mandated fees tied to debit cards.
The company can provide sellers the option of promoting lower prices to buyers if they make an account-to-account payment instead of using a credit card. Merchants receive a boost to their cashflow when using the ACH. We can offer accelerated settlement cycles for some merchants depending on underwriting diligence and merchant use cases. Debit and Credit card transactions can settle faster than ACH. However, ACH offers a fully automated, significantly faster alternative to the cards than manual or paper processes.
Because credit card processing is so competitive, acquirers are constrained from boosting their margins with merchants. ACH payment acceptance can add 25 basis points per transaction. handled nearly $6 billion in purchase volume in 2020, and over 80% was ACH payments. The company grew more than 35% last year.

Jason Estes is Chief Executive Officer at iCheckGateway in Fort Myers, Florida,,
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Find this article here on Nilson Report ACH by iCG.
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Date Originally Published: January 26, 2022
Date Updated: August 1, 2022

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