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Save Time And Money By Accepting One-Time or Recurring ACH Payments

ACH Payments Anywhere

Accept ACH payments online, in-person, over the phone, or mobile.

Recurring ACH Payments

Improve cash flow and create predictable revenue by collecting ACH information once and automating future payments.

Competitive Processing Rates

With ACH processing rates as low as 60c + 0.2% per transaction, you can save more of your hard-earned money.

ACH Processing Services from Moneybox offers a convenient and real-time online solution for accepting electronic ACH payments. We provide a complete end-to-end ACH payment processing service with various gateways, core processing functions, and additional modules to help you receive payments faster while saving money.

An ACH payment electronically transfers funds between two banks via the Automated Clearing House (ACH) network. These transactions are also known as EFTs or electronic funds transfers.

ACH payments enable customers to transfer money directly from their bank account to yours. Typically, they use an eCheck, which utilizes the ACH network. Other types of ACH transactions include direct deposits, wire transfers, electronic benefits payments, and ACH disbursements.

Although ACH payments may seem similar to debit card payments, they differ in processing times, transaction fees, merchant accounts, and providers. Additionally, they have their own chargeback and dispute resolution policies.

What Are the Benefits of ACH Payments?

There are several advantages to accepting ACH & eCheck payments, which is why many businesses are interested in offering this payment method:

Cost-effectiveness: eChecks typically have lower fees than credit cards. For example, a $500 payment through an eCheck may incur a flat fee of around $0.60, while the same amount through a credit card might result in a cost closer to $9.60 (assuming a 1.9% rate + $0.10 transaction fee).

Speed and convenience: Electronic check processing is faster than paper checks; the funds usually reach your account within 3-5 days. Although credit card payments can take 2-3 days to process, banks have been known to delay credit card funds for days or weeks due to non-payment issues. This is not the case with eChecks.

Recurring payments: eChecks are famous for setting up recurring payments. This helps create reliable revenue, and you can automate the billing process using a service like Moneybox Merchant Services.

Fraud protection: In the case of a disputed transaction, a customer can only dispute an ACH charge for three specific reasons: unauthorized account access, processing at an incorrect time, or processing for an incorrect amount. This provides an additional layer of protection against fraud compared to credit card disputes. A retail or a restaurant would be a typical example of a low-risk merchant.

Frequently Asked Questions

eCheck differs from ACH in that funds are not directly transferred between accounts. Essentially, ACH is the process used to transfer money electronically between bank accounts. In contrast, an eCheck, short for “electronic check,” is a specific payment method.

Businesses utilize ACH payments to automatically withdraw funds from their customers’ checking or savings accounts, making it a popular choice for those offering recurring or subscription-based services. Moreover, since ACH payments bypass the credit card processing system, they are significantly more cost-effective for businesses to accept, appealing to merchants looking to reduce their credit card processing fees.

Similar to ACH, eCheck is favored because it does not rely on the credit card processing system. However, eCheck is more widely accessible for businesses classified as “high risk.”

For high-risk merchants, securing a high-risk eCheck account can be appealing for several reasons:

Higher Approval Rates: Obtaining a merchant account can be challenging for many high-risk businesses. However, they are often more easily approved for high-risk ACH or eCheck accounts. Once an ACH account is established for a few months, merchants can often leverage their ACH processing history to qualify for credit card transaction accounts.

Lower Costs: Since eCheck payments are processed between banks rather than through the credit card system, businesses with high-risk eCheck accounts can avoid interchange fees and generally incur much lower rates when accepting funds.

Fewer Transaction Restrictions: High-risk merchants often face various limitations on their credit card merchant accounts, such as monthly processing caps and transaction size restrictions. In contrast, high-risk eCheck accounts typically impose fewer limitations, allowing business owners greater flexibility in managing their operations.

Yes, your startup or new business can be approved by Moneybox Merchant Services for a merchant account. We love startups! While newer businesses without processing history sometimes encounter hurdles when it comes to approval, Moneybox has helped many brand new businesses get their start in payment processing.

What industries does Moneybox Merchant Services accept as clients? Moneybox specializes in mid-risk as well as specific high-risk industries (the terms “mid-risk” and “high risk” are used here from the perspective of the merchant services industry). We are proud to serve the following industries:

  • Accounting & Tax Prep
  • Adult
  • Airlines
  • Alcohol
  • Antiques & Collectibles
  • Apparel & Clothing
  • Automotive
  • B2B
  • Bad Credit
  • Bail Bonds
  • Bar & Restaurant
  • Cigars & Tobacco
  • Cleaning Service
  • Clothing & Apparel
  • Collectibles
  • Continuity / Subscription Products
  • Continuity-Subscription
  • Credit Monitoring
  • Debt Consolidation
  • Dental
  • Digital Downloads
  • Digital Streaming
  • Document Preparation
  • Drop Shipping
  • Ecommerce
  • Educational Seminars
  • Electronics
  • Events
  • Furniture & Home Furnishings
  • Guns & Firearms
  • Gyms, Fitness & Yoga
  • Hair & Beauty Salon
  • Health & Fitness
  • Healthcare
  • High Volume
  • Hotel & Hospitality
  • Hotels & Lodging
  • Hunting & Outdoor Equipment
  • Insurance
  • Insurance / Warranty
  • Jet Charter
  • Law Firms
  • Legal Services
  • Magazine Subscriptions
  • Medical Billing & Coding
  • Medical Supplies
  • Membership & Recurring Billing
  • MLM Companies
  • Moving Companies
  • Nonprofit
  • Nutraceuticals & Supplements
  • Online Dating
  • Pawnbrokers & Pawn Shops
  • Pet Products
  • Precious Metals
  • Property Management
  • Real Estate
  • SaaS Companies
  • Self Defense, Tasers & Stun Guns
  • Seminars & Coaching
  • SEO & SEM Services
  • Smoking Accessories
  • Survivalist & Tactical Gear
  • Taxes and Accounting
  • Tech Support
  • Telemedicine
  • Ticket Agencies
  • Tobacco & Cigar
  • Transportation & Moving
  • Travel & Timeshare
  • Travel Agency*
  • Utility
  • Vape / e-Cig / eJuice*
  • Veterinarians
  • Web Design Services

Please note, this is NOT a complete list; Moneybox Merchant Services Inc. serves hundreds of additional mid and low risk industries, too. We do not have a full list of industries we can work with, instead we keep a list of business that we currently can not support. See our FAQ page for more info. If the opportunity is right we will of course try to be considerate.

Sorry, we are unable to provide merchant services for foreign or offshore businesses, or any company that is headquartered, or operates, outside of the USA. We are also unable to provide merchant services for any business whose owner does not have a valid SSN and US issued identification (driver’s license, US passport, etc). That said we are working to fix this issue and should have a solution early 2025.

Moneybox Merchant Services Inc. may not cater to all high-risk businesses (e.g. CBD merchants). It offers an upfront underwriting process that identifies risk factors early, saving the merchant time and potential costs. However, if Moneybox cannot service a particular business, they may recommend a processor better suited to your needs.

Best Processing & Support

“We conducted thorough research and compared different pricing options before settling on a new provider. After careful consideration, we chose Moneybox. We have been happy with the results for years since using their services. We interact with the product daily through their website, and most of the payments are automatically processed using Authorize.Net. We find Moneybox to be a reliable and efficient company.”
– Tom
Tom Bostic
Happy Customer

Fast Service, Unmatched Customer Service

“We changed our website and needed to get a new processor fast. Their prompt service and secure system are unmatched. We have been using their services for a while now and have never had any issues. In fact, they even require us to call them once a year to ensure our system is up to date. As our business continues to grow, we are excited to explore the many options that Moneybox has to offer, including a point-of-sale. They have been our go-to solution for everything, from terminal issues to website processing security. We couldn’t be happier with their exceptional service.”
Valmore Forgett
Happy Customer

Simply Amazing Technical Support

We were starting a new business and needed a reliable company to process our credit card payments. After some research, we found Host Merchant Services and began working with them in January 2021. The staff has been very helpful, and we’ve had positive experiences with both the Compliance team and technicians. We process payments in person using a terminal, and the service and machine have been excellent with no issues.
Tony and Sherry
Happy Customers

Consistent Communication

I had a wonderful experience with this company regarding high risk merchant services. Their consistent communication and daily updates regarding my application status during the approval process were greatly appreciated.
Christian
Happy Customer

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We will identify where the WASTED SPEND hides within your EXISTING merchant account.

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