high risk ach processing
ACH processing is one of the fastest growing forms of payment. Many merchants are realizing the benefits of direct withdrawals from customer’s bank accounts. ACH processing accounts are usually setup within 3-5 days. Both ACH processing accounts and credit card processing accounts can be applied for with the same application. No need to fill out duplicate applications. For ACH processing all industries are accepted.
Merchants accepting high ticket payments will find ACH a very useful tool. Payments are deducted directly from the customer’s accounts. Payments are harder to chargeback than normal credit card transactions. Customers must go into their bank in order to dispute the charge. This greatly reduces the chances of friendly fraud or buyer’s remorse chargebacks.
Risk is greatly reduced on the processor’s end with ACH payments. The risk is reduced since chargebacks are now harder to initiate and the timeframe for chargebacks has been reduced for 6-9 months to about 30-60 days depending on the bank.
Since the risk is decreased, the rates are also lower to the merchant. Rates for ACH are usually about 50%-75% less than card processing rates. There is usually a reserve with ACH payments similar to card processing accounts. Contact High Risk Merchants to learn more about their ACH processing solutions.