My Merchant Account Blog
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ACH Fee
Saturday, January 29, 2011
When applying for a merchant account, you might see this fee (Automated Clearing House). If you do see this fee, take your time your while completing the merchant account application. Basically, every time the merchant account provider deposits funds into your checking account, they will charge you this fee.
Even if this fee is 25¢, that adds up. For example, 20 business days in a month, this is $5.00 more a month that the merchant account provider is charging you.
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My Merchant Account Blog Recent Entries
- Visa Chargeback Reason Code 75 - Transaction Not Recognized
- Visa Chargeback Reason Code 74 - Late Presentment
- Visa Chargeback Reason Code 73 - Expired Card
- Visa Chargeback Reason Code 72 - No Authorization
- Visa Chargeback Reason Code 71 - Declined Authorization
- Visa Chargeback Reason Code 62 - Counterfeit Transaction
- Visa Chargeback Reason Code 60 - Illegible Fulfillment
- Visa Chargeback Reason Code 57 - Fraudulent Multiple Transactions
- Visa Chargeback Reason Code 41 - Cancelled Recurring Transaction
- PCI Compliance - A Review of Consumer Benefits
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