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What are ACHprocessing fees? ACHprocessing fees are charges for processing electronic payments and transfers between bank accounts. These fees cover the costs of moving funds securely and efficiently through the ACH network.
ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACHdebittransactions).
What About Other Workarounds Like PIN Debit & P2P? Cashless ATMs arent the only non-compliant tactic used for cannabis payment processing. Other workarounds cannabis businesses use include PIN debittransactions and peer-to-peer apps like Venmo, PayPal, and Zelle.
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