Read below to learn why credit card fees differ from ACH fees.
ACH Fees
ACH (Automated Clearing House) transactions involve electronic fund transfers between bank accounts. ACH transfers are slower, typically taking 3 business days to process. This is a more cost-effective option for businesses as it bypasses the intermediaries involved in credit card transactions. Since ACH fees come with a fixed rate, the fee will remain the same regardless of the payment amount.
Credit Card Fees
When customers use credit cards to make purchases, transactions are completed almost instantly. Payment processors apply fees to account for processing fees, network charges, security measures, and infrastructure expenses. Credit card fees are usually higher because credit card companies offer extra services and safeguards against fraudulent activities.
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