Using ACH to lower your overall cost of acceptance for B2B companies
Combining Credit Card acceptance and ACH processing (Electronic Checks) can be an excellent way for companies who Invoice and want more customer options to pay their bills. We can help you set up a billing portal (no coding needed). No more checks in the mail and trips to the bank!
Lower your overall cost of Acceptance.
ACH is less expensive to process than credit cards, and you can drive customers to use ACH by charging a fee on the credit cards. Those who want to avoid the fee will pay by ACH, and those who want to pay by credit card will happily pay the fee – most companies do a 2% to 3% surcharge on credit cards.
Case Study Example: B2B Merchant
Business processing $100,000 in credit card spending 2.5% (est.)
$2500 approx. in fees
Now add in ACH at .50%
Credit Cards – $60K 2.5% $1500
ACH $40K – .50% -$200
Total $1700
Saving $800 in fees
Go one step further and add a 2% surcharge to your credit card and recover $60K x 2% =$1200
Now the savings jumps to $2000 in fees.
$100,000 now costs – $200 for ACH, $300 for Credit Cards – total $500.00
Original Payment acceptance cost $2500 – new cost $500 – Saving $2000 monthly – $24K yearly
We have many businesses who have implemented this plan with great success!
*These fees are based on estimates and data from a portfolio of NPS Clients
Types of Customers who use this service.
We have employed this method with all types of companies, including Attorneys, CPA Firms, Accountants, Bookkeeping, Plumbing, Service Companies, Parts Companies, Insurance companies, 3rd Party Administrators and more in B2B and B2C.
Electronic Invoicing
You send out your invoices. Your customer can go to a link, you can post that link on a special page or your website it is a hosted page up on the gateway. You can choose to have a quick payment page or set it up where customers have to create an account and log in. If you are doing business with larger companies, municipalities, government or medical, you should consider having customers use a login page as it has higher security.
PCI Compliant and Secure
Our hosted solutions are PCI compliant and take you out of the scope of PCI compliance, so you do not need any special software on your websites or servers!
Lowering your costs is always a good thing, and customers love having options and by have a payment link that is branded with your logo and your message makes it look great. A way for your clients to pay you 24-7!
Easy to Implement
With our no code solution, upload your logo, add your information to our portal and place a link on a webpage and you are ready to take payments.
Benefits of using our no code platform
Have clients log in or use the quick payment form.
Make it easier for your customers to pay you.
Save your staff time.
Bring in money even while you are not open for business.
White Labeled for your company.
Good user experience and easy to use.
Payment Options with integration with Apple Pay and Google Pay
Reporting
When you go into our reporting system and look for a customer and their payments the payments are all in one place whether they paid with a credit card, debit card or ACH. With our platform you do not have to look for payments in different places it’s organized the way you need it.
We also offer an API and you can integrate it into your system, CRM etc.
Conclusion
The digital landscape is changing and evolving and it is time that companies adapt and leverage innovation solutions like the NPS no code payment portal. Offering your customer options when it comes to paying your improves your customer service and customer experience.
Are you ready to get a demo and see find out how easy it is to lower your payment acceptance costs with ACH and launch a branded hosted payment portal or page for your company?
Click here to book a demo.
