What are the costs for receiving payments?

What are the costs for receiving payments?

  • 1% (max $5) per check for printing or depositing.
  • $10 for manual ACH transactions.
  • 2.9% fee for credit card processing.

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    • How ACH payments work?

      Aside from the Automated Clearing House network (which connects all the banks in the United States), there are three other players involved in ACH payments: The Originating Depository Financial Institution (ODFI) is the banking institution that ...

    • What payment receiving capabilities are required?

      Organizations may need the ability to receive payments via credit card and ACH, with funds automatically transferred to their bank account. Customizable payment request forms and the ability to include PDF invoices with requests are also important.

    • What types of payments are eligible for credit card use?

      Rent payments (to the landlord). Vendor payments (with invoice). Payroll

    • Can employees request payments from consumers?

      Yes, employees can request payments, but permissions can be restricted. The admin can set user permissions to control access to various features.

    • What methods are available to receive payments?

      Users can send payment request links via email or text. They can also enable credit card payments, print received checks for deposit or use ACH debits to pull funds from customer accounts.