ACH Payment Overview and Best Practices
Why Choose ACH?
ACH (Automated Clearing House) is a cost-effective alternative to credit card payments, offering direct debit from customers’ bank accounts. While it may not be ideal for all businesses, it can be highly advantageous in specific scenarios:
Key Considerations:
Saving on Fees: ACH fees are significantly lower than credit card fees, potentially saving 2% of your total revenue.
Recurring Payments: ACH works best for businesses relying on recurring transactions.
Access to Funds: ACH transactions typically take longer to process (up to several days) compared to credit cards.
ACH Fees:
PushPress Free Plan: 2.19% + $0.30 per transaction
PushPress Pro Plan: 0.79% + $0.30 per transaction
PushPress Max Plan: 0.79% + $0.30 per transaction
No additional gateway or hidden fees.
Bank account verification is free.
Stripe charges for failed payments ($4) and disputes ($15), deducted directly from your Stripe account.
How to Enable ACH in PushPress:
Enable ACH in the App Store:
Navigate to Apps > App Store > ACH and install it.
Enable ACH for Individual Plans:
ACH is not automatically enabled on plan landing pages. You must turn it on for each plan in the ACH settings.
Set NSF (Non-Sufficient Funds) Fees:
With Credit Card Backup: If an ACH transaction fails due to insufficient funds, the member’s credit card on file will be charged the NSF fee and the original transaction amount.
Without Credit Card Backup: The fee and transaction amount will be retried on the same bank account until successful.
Tips for Smooth Migration:
Credit Card First: Migrate members to credit cards initially, ensuring all members have plans assigned and the migration process is complete.
Introduce ACH: Enable ACH for plans once migration is done. Offer a discount on plan pricing as an incentive for members to switch to ACH.
Credit Card as Backup: Always recommend having a credit card as a backup to minimize failed transactions and disputes.
ACH in countries other than the United States:
Help
If you would like more information or need further assistance, please use our HELP DOCs, just like this one or reach out through intercom, the little blue box in your CORE account or email us at support@pushpress.com. Our team is here to help.
About PushPress
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