Low Cost ACH Processing | ACH Payments

Achpayments08 Feb, 2021News

So you save $2.20 per customer debit. Having 500 customers all on credit cards costs you over $10k per year more than an low cost ACH Payment Processing option. There is a 2nd reason ACH Payments are an attractive alternative to credit cards. Second is payment rejects or declines. Let?s say we have 500 clients billed via credit cards on a monthly basis. Credit card declines routinely exceed 10% with 15% common. Consider the business above billing 500 clients. 75 or so decline resulting in revenue shortage of $7500/month or $90k per year. Sure effort [read $ costs] will be made to re bill but you can count on 2 things: 1-You are going to lose revenue and 2-You are going to lose customers you just could not collect from.