Credit Card processing fees are costly these days. Especially when it comes to churches, these payment processing companies consider churches to be high risk as per their internal policies. Because of the high-risk categorization, Credit Card processing companies may charge an extensively high transaction fee. Churches can reduce the cost of the transaction by using ACH payment processing. Churches can use ACH payment processing to accept payments and donations over the phone as well.
Most of the ACH payment processing options available in the United States come with API as well as virtual terminal. With the virtual terminal church representative can collect the Account number, Routing number, address, name, email and other details of the contributor. Then this information can be submitted to the ACH payment processing system. Payment processing company verify the authenticity of the account number, routing number and other details mentioned on the transaction. Most of the time ACH transactions complete within 24 hours.
Churches also get ACH transaction control panel. On this control panel, church representatives can easily monitor the transactions and also initiate refunds.
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