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Consult with your current merchant services provider. If you already have an existing store or business and are just looking to add an online store, then tap into your current merchant services or payment processing provider. What kind of integrations do you need? Whats your ROI?
If you’re on a tight budget, partnering with an ACH PayFac that operates on a custom revenue-sharing model would be the best option. If you have just started a business, look for a PayFac that offers POS, exclusive ACHprocessing, and reporting features. This provides an additional layer of security.
Transfer timing The timing in which a transaction is initiated is another factor that can influence ACH transfer limits. Transfers intended for same-day ACHprocessing, which provide expedited settlement, may be subject to lower limits than traditional, next-day ACH transfers.
If checks are the standard form of payment for your business or industry, here’s some good news: Stax has an electronic ACHprocessing feature for easy collection. All you have to do is contact Stax to speak with a Payments Consultant. You could always give them the ability to pay with more traditional methods, too.
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