Customer payments for purchases may be transmitted to a seller’s merchant account using ACH transfer. The Automated Clearing House and its financial institution members send payments on behalf of bank account holders.ĪCH payments are used for direct deposits like payroll, Internet consumer transactions like paying an eCommerce merchant from a bank account (checking account) with ACH direct debit, tax payments, bill payments, recurring payments, account transfers, and B2B payments to vendors. What is an ACH Transfer?Īn ACH transfer is an electronic bank payment transaction or money transfer from a bank account to another bank account. Alternatives to ACH payments include wire transfers, paper checks, credit cards, debit cards, PayPal, and Apple Pay.
This guide covers automated clearing house fees and compares them to costs of other types of payment transactions. Payment processing fees differ for ACH and other payment methods. Credit Card, Debit Card, Online Invoice with pay link, PayPal, and Apple Pay Fees
