If your business bills customers for recurring or subscription-based payments, you should be utilizing ACH payment processing.

ACH payment processing allows for a lower decline rate, meaning more cash flow for your business.  If each month, you are experiencing credit card declines from your customer base, you should consider ACH payment processing.  ACH processing decline rates are typically under 2 percent, compared to the 10+ percent decline rate of recurring credit card payments (source).  Even solid customers with great credit can have cards declined as approximately 30 percent of cards are reissued annually.  With ACH payment processing, you can increase available funds and free up bookkeeping time and energy.

Additionally, ACH payment processing provides business owners with cost savings on a per-transaction basis.  Credit card processing fees are notoriously costly for small business owners, as fees are based on a percentage of the dollar amount charged. Most business owners pay somewhere between two and three percent of the charged amount to the card association.  When using ACH processing, however, business owners are treated to a flat fee structure, where an agreed-upon amount is paid per transaction.  This transaction fee is incredibly affordable in comparison.

Consider EFX for your ACH Processing

EFX offers fully customizable ACH solutions designed to open new markets while increasing productivity and efficiency for our clients.  Our robust, flexible payment solutions can benefit you in terms of increasing your productivity, cutting costs, and even attracting new clients.  

Maximize profits, reach new markets, and save time and money with EFX’s streamlined direct deposit processing.

If you would like to begin ACH processing, or if you have any questions regarding cost savings, please do not hesitate to reach out.