Check Processing and ACH Rates
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The following lists our ACH check processing rates through eCheck. ACH Check processing allows you to charge your customer's checking account for goods and services. The check may or may not be present, and the information from the check or checking account is hand entered. An Authorize.Net account is required for eCheck ACH check processing. |
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$25
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eCheck Discount Rate:
$0-$4,999.99 Transaction Volume
$5,000.00-$49,999.99 Transaction
$50,000.00 + Transaction Volume
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0.99% - 1.75%
1.75%
1.49%
0.99% |
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30 ยข |
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In addition, we also offer a free check collection service. The check collection service will collect any bad checks on your behalf, at no cost to you. You will never have to deal with bounced or NSF checks from your customers again. The following lists the check collection fees:
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If a check does not clear, the check is forwarded to the check collection center. Up to three attempts are then made to electronically debit the amount of the check, plus a returned check fee, from your customer's bank account. This has approximately an 80% success rate, depending on industry.
If the electronic debit is successful, you are paid the full face value of the check. If the check cannot be electronically debited after three attempts, then a collection agency will collect the check, and you are paid 50% of what is collected. |
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"I wanted to commend you on your skillfulness and patience in guiding us through this process. We made it a pretty long one for you. I hope it wasn't too frustrating. If I meet up with anyone looking for a merchant account I will definitely refer them to you. Thank you again for making this dream come true for the bookstore. I can hardly believe now when people ask if they can pay by credit card I won't be answering "We're working on that" anymore!"
D. L.
Berkeley, California
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Primary Contacts
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Edge Payment Solutions, Inc.
13302 Millard Ave Ste: 102
Omaha, NE 68137
Phone: 402-896-3343
Fax: 402-408-6911 |
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| Click Here to Email Us |
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