Your Guide to a Faster, Cheaper ACH Payment Gateway
Moving money should be simple, secure, and affordable. For small and mid-sized businesses, managing cash flow effectively is critical. An ACH payment gateway offers a powerful solution to streamline your accounts payable and receivable, saving you time and money compared to traditional payment methods. This guide will walk you through everything you need to know about using an ACH payment gateway and how OnlineCheckWriter.com can help.
What is an ACH Payment Gateway?
An ACH payment gateway is a system that allows businesses to send and receive money directly between bank accounts electronically. It operates on the Automated Clearing House (ACH) network, a reliable and secure system for electronic funds transfers in the United States. Think of it as a digital bridge between your bank account and your vendors‘, customers’, or employees’ bank accounts.
Unlike credit card payments that involve multiple intermediaries and high processing fees, ACH transfers are direct bank-to-bank transactions. This makes them a more cost-effective and efficient way to handle a wide range of business payments.
Who is an ACH Payment Gateway For?
An ACH payment gateway is a versatile tool that can benefit various teams and business functions:
Accounts Payable (AP) Teams
Simplify and automate vendor payments, eliminating the need for paper checks and manual processing.
Accounts Receivable (AR) Teams
Offer customers a convenient way to pay invoices online, improving your collection times and reducing late payments.
Payroll
Securely and efficiently pay your employees through direct deposit.
Recurring Billing
Automate subscription payments, membership fees, and other recurring charges for predictable revenue.
Marketplaces
Facilitate seamless payments between buyers and sellers on your platform.
Pain Points vs How OnlineCheckWriter Fixes Them
See the difference a reliable gateway makes for your business operations.
Benefit
Description
Lower Fees
Significantly cheaper than credit card processing fees, with costs as low as 1% per transaction, capped at $5.
Bank-to-Bank Transfers
Direct, secure transfers between bank accounts without intermediaries.
Recurring Payments
Automate recurring billing and payments for improved efficiency and predictable cash flow.
Payment Tracking
Gain real-time visibility into the status of your payments for better financial management.
Reliability
The ACH network is a highly reliable and established system for electronic payments.
How OnlineCheckWriter.com’s ACH Payment Gateway Works
Getting started with OnlineCheckWriter.com’s ACH payment gateway is a straightforward process designed for ease of use:
Setup
Sign up for an OnlineCheckWriter account and link your business bank account.
Verification
Our system securely verifies your bank account to ensure the security of your transactions
Send Payments
You can now send one-time or recurring ACH payments. Simply enter the recipient’s bank account details, the payment amount, and you’re ready to go.
Security and Compliance You Can Trust
Security is paramount when it comes to financial transactions. OnlineCheckWriter is committed to providing a secure and compliant platform. We are a proud member of NACHA, the organization that governs the ACH network, and our platform is compliant with the highest industry standards, including:
Transparent Pricing and Fees
We believe in transparent and affordable pricing. With our Pay-as-You-Go plan, you only pay for what you use. Here’s a breakdown of our ACH fees:
Standard ACH
1% of the transaction amount, capped at a maximum of $5.
Standard ACH
1% of the transaction amount, capped at a maximum of $5.
Standard ACH
1% of the transaction amount, capped at a maximum of $5.
For businesses with higher transaction volumes, we offer custom enterprise plans with even lower rates. Check out our Pricing page for more details.