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ACH Processing Services
ACH Processing is a great option for a wide variety of US merchants. Visa and Mastercard are everywhere, but many
merchants have not yet adopted ACH payments as part of their business. The benefits include lower fees than credit
cards and an opportunity to reach more customers. ACH Processing will enable your company to accept a check by web
or phone, set up recurring payment plans, issue payments for direct deposit of payroll or expense checks, and convert
paper checks into electronic checks.
 Benefits Of ACH
Increase profits:
- Reduce administrative costs of batching and processing paper checks. We have seen estimates that costs of
invoicing by paper and receiving paper checks range from $4-$12 per account.
- Reduce bank fees associated with returned checks.
- Reduce credit card service fees.
Increase donation rates with recurring donor programs
- Great for fundraising organizations and non-profits, including churches. Instead of one lump sum, donors
tend to give more in smaller recurring donations.
Provide customer, supplier and employee convenience
- Fewer checks written; fewer trips to the bank; reduced costs of postage.
- Many customers of your clients will love it. As electronic payment acceptance increases, people
are less tolerant of having to write paper checks.
Expand customer base to include purchasers without credit cards
- This is a big opportunity for web merchants Increase collection rates on non-sufficient funds checks
- Receive notification of a non-sufficient funds payment within 24-48 hours vs. 7-10 days or more with a
paper check.
- Resubmit easily, and target days when clients are more likely to have cash in the account.
Enhance cash and working capital management
- Control when funds are received
- Stop relying on customers to write checks
- Stop relying on postal service to deliver on time
How It Works
Our clients can initiate ACH transactions in any of several ways, depending on their business needs.
A brief overview:
Virtual Terminal: Most of our smaller merchants use a web based program that allows them to initiate
transactions, track progress, pull reports, and more.
Features include:
- Enter transactions one at a time.
(For occasional credit or debits.)
- Set up recurring payment plans. Client enters routing and account numbers, clicks to schedule payments.
The system will then generate future payments.
- Import a file. Some clients prefer to track payments in their own systems. If they can produce a simple
comma delimited file, or an excel spreadsheet, they can upload that into their account. They can also
import NACHA-formatted files.
- Scan checks into a file. (Then import the file.) For converting paper checks into electronic checks.
- Web-based transactions with Pay By Check Link.
- Payroll. A separate section of the program makes it convenient for clients to process payroll transactions.
- Reports. Our terminal has lots of reports, and all can be downloaded and read into other systems.
Automated File Uploader: Clients with more technical ability can store transactions in their own
database and create an automated daily process to send the transactions to our back end, eliminating the need for
any manual intervention.
Web Service: Web clients can send transactions one at a time through a web service. These clients
can also access various screening databases, including a check verification program.
Point of Sale: Using a check scanner, merchants can scan paper checks and convert them into
electronic checks.
Pricing
Our ACH Processing pricing is not defined by a merchant's credit risk. We make every effort to offer competitive rates
to every merchant who needs our service, not just those with "A" credit ratings. By offering quality service at a
fair rate and backing it up with the highest level of customer service, you can be assured that ePay Management is the
smart choice for ACH, and all of your electronic processing needs.
Application & Software License Fee: $99.00
Monthly Service Fee: $25.00
Per Transaction Fee: $0.35
Per Return Fee: $1.50
Please do not hesitate to contact us with any questions or concerns at 1-877-493-EPAY (3729).
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