ACH is slow (2 days to clear) ACH is insecure (bank account numbers can be gotten off checks, etc) ACH can wipe you out (if someone gets those account numbers) ACH does not provide real-time-feedback (may not know things didn’t work until it bounces two days later)
Why anyone still uses ACH or checks or beyond me. A credit card is: Instant (funds transfer immediately, you instantly know if the funds are coming or not) Secure (there is a CVV code required - just having the number gets you nowhere) Safe (if someone does steal your card they won’t wipe out your account and you can quickly get the funds/transactions reversed) Easy to dispute I have one vendor I pay via check every month because they won’t take cards. Otherwise everything I pay personally and business is on CC. > On Jun 28, 2018, at 21:59, David Sovereen <[email protected]> wrote: > > Same here. ACH saves us a bundle, and once customers are used to the > recurring payment, there are few bounces. Once a payment does bounce, > however, we only take cash or card... guaranteed funds. > > Dave > > Sent from my iPhone > > David Sovereen > > Mercury Network Corporation > 2719 Ashman Street, Midland, MI 48640 > 989.837.3790 x151 office | 888.866.4638 toll free | 989.837.3780 fax > > Telephone | Internet | Security Alarm Monitoring > > [email protected] > www.mercury.net > > <image001.png> > > > >> On Jun 28, 2018, at 6:51 PM, Lewis Bergman <[email protected]> wrote: >> >> That's true but if you assess a hefty enough penalty then they pay you for >> it anyway. I used to make several thousand a month just off of late fees and >> disconnect fees. We assessed a 25 dollar fee for any NSF. >> >>> On Thu, Jun 28, 2018, 4:49 PM Matt Hoppes >>> <[email protected]> wrote: >>> Sure but it takes two days for the failure to come back, so the customer >>> can use that to game the system if they feel so inclined. With a credit >>> card the acceptance or rejection is instant. >>> >>>> On Jun 28, 2018, at 17:30, Lewis Bergman <[email protected]> wrote: >>>> >>>> I guess it depends on your billing system, how it cuts off people, etc. >>>> Mine would accept payment, then reverse it and cut people off >>>> automatically. One of the few things it did well. I was mostly ACH and it >>>> saved me a couple of grand a month if I remember correctly. >>>> >>>>> On Thu, Jun 28, 2018 at 4:25 PM Matt Hoppes >>>>> <[email protected]> wrote: >>>>> Hey CH is a pain in my neck. Yes I don’t have to pay fees with the fees >>>>> are very small, but I am not guaranteed my money, and then I have to >>>>> chase balances and add fees and remove payments. >>>>> >>>>>> On Jun 28, 2018, at 17:20, Eric Kuhnke <[email protected]> wrote: >>>>>> >>>>>> https://engineering.gusto.com/how-ach-works-a-developer-perspective-part-1/ >>>>>> >>>>>> Might be of interest for those of you whose billing systems are set up >>>>>> for ACH direct debits via checking account numbers. >>>>>> -- >>>>>> AF mailing list >>>>>> [email protected] >>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> -- >>>>> AF mailing list >>>>> [email protected] >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> -- >>>> AF mailing list >>>> [email protected] >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> -- >>> AF mailing list >>> [email protected] >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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