Our bank wants a $25/mo minimum fee for us to process ACH payments, so we don’t accept ACH. The per transaction fee is not bad, but the minimum is a problem.
From: Justin Wilson - MTIN Sent: Wednesday, November 11, 2015 9:29 AM To: [email protected] Subject: Re: [AFMUG] Steer customers to ACH (vs CC)? Give them a discount. Much of it depends on the bank. We had folks who absolutely hated ACH because their bank would charge an overdraft if the ACH failed. They like the CC, even if it was a debit card, because if the money wasn’t there it just declines it. No $30 fee or whatever. But, it depends on the bank. This is what wasn’t attractive to us was banks treated it different. Credit card either runs or it doesn’t. ACH typically is not as smooth for a variety of reasons. Justin Wilson [email protected] --- http://www.mtin.net Owner/CEO xISP Solutions- Consulting – Data Centers - Bandwidth http://www.midwest-ix.com COO/Chairman Internet Exchange - Peering - Distributed Fabric On Nov 11, 2015, at 10:21 AM, Christopher Gray <[email protected]> wrote: For the people who accept both ACH and CC payments, do you do anything to promote the use of ACH (to reduce your costs)? Thanks - Chris
