According to data from Nacha, the average processing fee for an ACH payment is 11 cents. However, the total cost associated with accepting ACH payments varies depending on a number of factors. Still, ACH fees are often much cheaper than the fees associated with accepting card payments.
One of the biggest influences on the cost of accepting ACH payments is the volume of transactions your business intends to process. Businesses with larger transaction volumes tend to pay less per transaction.
When accessing ACH indirectly through a TPPP, the types of fees involved may include:
- Setup fees
- Per-transaction fees (which may be a fixed sum as low as a few cents, and/or a percentage of the transaction value, which could be lower than 1%)
- Monthly service fees
Some providers may charge any number of additional (and potentially hidden) fees. Before choosing a TPPP for your business, always read their terms and conditions thoroughly, and discuss with them if necessary, to ensure you are aware of all fees they may charge you.
For larger businesses that are capable of accessing ACH directly, fees are likely to be even lower.‹ View table of contents Next page ›