ACH (Automated Clearing House) is an electronic bank-to-bank payment method. ACH is one way to receive customer payments through Peasy Payments and is the current rail for vendor bill payments sent through Peasy.
How It Works in Peasy
- ACH payments sent or collected through Peasy are processed through Peasy Payments
- Customers can pay invoices via ACH by entering their bank details on the payment page
- You can send vendor bill payments via ACH from a connected bank account
- ACH transfers typically take 1-3 business days to settle
- ACH has lower fees than card payments, making it ideal for B2B transactions
Why It Matters
ACH is the most cost-effective way to move money between businesses. For wholesale and B2B businesses where transaction amounts are large, ACH processing fees are significantly lower than card processing fees, which lowers your business's cost on each payment.