ACH payments for businesses

Why should businesses look at accepting ACH payments from customers? Let's take a look.


Using ACH transfers to send and receive money offers several key benefits for businesses.

Speed and ease

Electronic payments, like an ACH transfer, are faster and easier to handle compared to the traditional method of paying by check. Unlike checks, ACH transfers:

  • Are not held up by the time it takes for a check to be mailed
  • Cannot be lost
  • Do not have to be manually entered

Low cost

Many businesses accept payment by credit card, but the processing fees tend to be high - often in the realm of 2-4% per transaction (and that doesn’t include setup and operational fees).

It costs a lot less to take payment by ACH transfer, and those savings add up significantly when you’re taking recurring payments from customers. We explore more on ACH fees in Chapter 2.

Improved sales conversion / customer relationships

ACH payments make the payment process easier for potential customers compared to writing a check, increasing chances of converting them to a sale.

And, in the case of recurring purchases, payments via ACH can be automatic - meaning the customer doesn’t need to worry about receiving and paying a bill, removing that element of friction in their relationship with your business.

Pay remotely

Although credit cards also offer customers the ability to pay online or over the phone, ACH provides a helpful alternative for those customers who prefer not to give out their credit card information, or do not have one.

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