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cosmicray
Posts: 7286
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Posted: Tue Jan 12, 2016 2:20 pm Post subject: Stripe now supports ACH |
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https://stripe.com/blog/accept-ach-payments
Quote: | ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees. So, a $100 transfer incurs a $0.80 fee; any transfers above $625 cost $5. This can be especially useful if you routinely charge customers large amounts on a recurring basis. |
IMHO, this is huge. This is like eCheck or IBAN. The lower fees will put pressure on PP to respond. When properly verified, no concerns about fraudulent card usage. |
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viewfinders
Posts: 1561
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Posted: Tue Jan 12, 2016 10:34 pm Post subject: |
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Other companies I do business with that transfer money via ACH do not charge me anything. |
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SheilaDeesPostcards moderator
Posts: 4620
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Posted: Tue Jan 12, 2016 11:45 pm Post subject: |
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viewfinders wrote: | Other companies I do business with that transfer money via ACH do not charge me anything. | Do you mean you are receiving payments via ACH? There is seldom a charge to send a payment via ACH. The charge is when you receive an ACH payment.
This is like when PayPal & Stripe charge the merchant when they receive a payment. This would be another way for a merchant to receive money. Very interesting idea, but not sure how or if it would work with eCrater. |
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dccollectibles
Posts: 2761
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Posted: Wed Jan 13, 2016 5:57 am Post subject: |
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I was thinking the same. They've been sending me ACH now for over 2 years. No news there. But...
If eCrater can add a way to receive ACH from a customer for the original purchase, AND that time can coincide with the 2 day rollover from Stripe...we may have something there! |
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