Raising transaction limits
In addition to having more submission windows during which to send transactions, businesses can now benefit from higher transaction limits.
This increase helps ensure that recipients get access to larger amounts faster — without having to wait because transactions exceed dollar limits.
Expanding payment options
ACH offers several payment options, depending on your business needs. Most banks charge a flat rate for a set number of transactions per month and an additional fee for any transactions over the limit.
If your number of transactions varies a lot from month to month, you may want to consider a pay-as-you-go option, now offered by some banks. As the name implies, this payment method charges merchants a fee for each transaction — with no monthly flat rate and no limits.
Going digital
ACH payments provide a convenient way to pay compared with paper checks, which can be lost or stolen and may need to be deposited in person. And now, with faster delivery options, new ways to pay and higher limits, these digital payment solutions can give your business even more flexibility and control.
For more information about ACH Payment Services and our pay-as-you-go plan, speak with a Chase Payments Advisor.
