ACH Payment Processing
Many companies use ACH to power their payment acceptance or funding processes. Finix enables billions of dollars in ACH payment processing for companies of all sizes.
An ACH debit allows you to accept online payments via a direct debit from a bank account. With Finix’s reliable and intuitive APIs, you can be ready to accept payments via ACH in a matter of days.
Your transactions are in good hands–we support compliance for ACH transactions by:
Validating bank accounts before proceeding with ACH transactions
Tokenizing bank account information
Handling notices of change (NOCs)
Flexible ACH Payouts
Businesses often use ACH payments to pay vendors, or for one-time payments like insurance claim payouts or tips collected via card transactions.
At Finix, we let you determine how fast, or slow, you want your funding transfers to take place.
This transfer of money between accounts comes with certain risks, so Finix will default to standard ACH funding timelines to help manage this risk. Certain companies would prefer to speed this timeframe up or slow it down. We offer both options:
Settlement delay of up to 3 days, helping to manage return risk
Faster payouts to your merchants, with a security deposit
A comprehensive toolkit on the Finix dashboard
We’ve built our ACH features with all users in mind. In addition to ACH settings, our comprehensive dashboard and reporting tools allow you to see the status of all transactions, whether successful, pending, or failed.
Optional funding transfer delays to help mitigate return risk
Debit Merchant Fees
Select when to debit merchant fees to sync with your accounting processes
View your payout preferences right from your Finix dashboard
Embedded compliance measures such as bank account validation
Reporting transparency with detail down to the transaction level
Automated notice of change (NOC) handling
Low ACH Fees
Low ACH costs per transaction