Stop Paying for Wires. Use Same Day ACH.

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  • September 24, 2021
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A recent Federal Reserve survey just released reinforced the growing need for faster payments among U.S. businesses. More than 2,000 businesses, ranging in size from less than $1 million in annual revenue to $250 million, took part in the study. The results find that most businesses expect to be able to use ‘faster payments’ options for a variety of critical uses cases within the next three years.

For faster payments, Same Day ACH shortens the bank transfer timeline and enables a business to credit or debit a bank account on the same day. Virtually all types of ACH payments, including both credits and debits, are eligible for same-day processing.

SCHEDULE A FREE QUOTE & COMPLIMENTARY ANALYSIS

Same Day ACH was identified as a type of faster payment used by a majority of businesses in the survey. ACH payments go through a national network, which makes them easier to process and more secure as compared to wire transfers. While wire transfers are usually faster than a typical ACH transfer, they are very expensive. Other key differences between Same Day ACH and wire transfers include:

  • Wire transfers are more expensive compared to Same Day ACH
  • Wire transfers fees are charged for both sending and receiving payment
  • Wire transfers are usually irreversible; ACH payments are reversible.

The result. Most businesses are losing money through expensive wires. Same Day ACH is where it’s at. But finding the right service provider is just as important.

If you’re a business owner, a healthcare/dental third-party administrator, or a benefits provider looking to maximize speed, efficiency, and costs with Same Day ACH, ACH Processing Company can help! We’re a leading payments solutions provider with a 23-year track record. To get a free quote and complimentary analysis, reach out at 📩hello@achprocessing.com to schedule.

Talk to an expert and let’s find time on your calendar to have a 15-minute call that saves you money!

Thanks again for choosing ACH Processing Company!

The Team at ACH Processing Company

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