A credit fee costs more than a debit fee since the dollar amounts for ACH credit transactions are higher. For ACH credit, the fee may range from $0.20 to $1.50 per transaction. This fee primarily covers the cost required to send the amount from the ACH network into the recipient’s bank account. Your service provider collects this amount. This mainly includes-monthly statements, monitoring transactions, and compliance fees. The account fee is a charge that covers the services offered to maintain your account in the system. If your business is categorized into the ‘higher risk’ category, then the amount will be higher. Let’s check out the various aspects that determine the amount you need to pay as ACH fees:Ī typical flat fee charge for ACH transfers ranges from $0.20 to $1.50 per transaction, while percentages can go up to 1.5% from 0.5%. The total cost associated with a general transaction completed via ACH payments depends upon several factors.
In general, when you compare the cost of ACH payments, you will find that it is much lower than other payment methods.
