The Best Choice For High Risk ACH And eCheck Processing.
Why are we a top ACH or eCheck choice? Because every client gets three guarantees (whether you sell online, over the phone, or in a retail location):
- Instant Online Quote.
When you submit your application, you’ll get an instant price quote to DocuSign. No offline paperwork, no faxes, no waiting. - Industry Minimum Pricing.
You will automatically receive Industry Minimum Pricing in your online quote. No more frustrating haggling with sales reps. - Friendly Client Support.
When you call or email, you’ll always speak with our friendly, in-house client support team.
Que:- What Industries Does SoarPay Accept As Clients for eCheck or ACH?
Ans:- SoarPay 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 offer both ACH and eCheck services, but ACH is typically reserved for businesses defined as “low risk” by the banks. If your business is “high risk” we can offer eCheck processing options. We are proud to serve the following industries with the combined coverage of our e-Check and ACH services:
- Antiques & Collectibles
- Apparel & Clothing
- Bad Credit
- Bus Lines
- Cannabis Support Businesses
- Caterers
- CBD Oil & CBD Products
- Continuity Products and Subscription Boxes
- Credit Repair
- Credit Monitoring
- Debt Collection
- Digital Streaming
- Document Preparation
- Fantasy Sports
- Firearms & Ammunition
- Furniture & Home Furnishings
- Health & Beauty
- Hotels & Lodging
- Insurance / Warranty
- Legal Services
- Magazine Subscriptions
- Medical Billing & Coding
- Medical Supplies
- Membership & Recurring Billing
- MLM Companies
- Transportation & Moving
- Non-Profit
- Nutraceuticals
- Pawnbrokers & Pawn Shops
- Pet Products
- Precious Metals
- Property Management
- SaaS Companies
- Seminars & Coaching
- SEO / SEM / Ad Agency
- Smoking Accessories
- Survivalist & Tactical Gear
- Telemedicine
- Tobacco & Cigar
- Travel & Timeshare
- Vape / e-Cig / eJuice
- Veterinarians
- Web Design & Development
- Other Mid & High Risk
Businesses use ACH payments to automatically debit money from their customers’ checking or savings accounts, and as a result ACH is popular with businesses that accept recurring or subscription based payments. Additionally, because ACH payments do not use the credit card processing system, they are much cheaper for businesses to accept, and consequently are attractive to merchants who want to save on credit card processing fees.
Like ACH, eCheck is popular because eCheck payments do not use the credit card processing system. Unlike ACH, eCheck is much more widely available for businesses that are deemed “high risk”.
For high risk merchants, obtaining a high risk eCheck account is often attractive for a few reasons. eCheck processing implies:
- Lower cost: because eCheck payments are intra-bank, as opposed to using the credit card processing system, businesses with a high risk eCheck account avoid interchange rates and typically pay much lower rates for accepting funds.
- Fewer transaction restrictions: high risk merchants often have a number of restrictions placed on their credit card merchant account. These include monthly processing limits and transaction size limits, among others. Typically a high risk eCheck account has fewer restrictions, enabling the business owner to run their business as they see fit.
- Higher likelihood of approval: for many high risk businesses, obtaining a merchant account is very difficult, whereas they can far more often be approved for a high risk ACH or eCheck merchant account with little trouble. Once an ACH account is in place for a few months, merchants can often use their ACH processing track record to obtain a merchant account for credit card transactions.
BUY AUTHORIZE.NET MERCHANT ACCOUNT | BUY PAYNET SECURE HIGH RISK ACCOUNT
nomen7887 –
Super recommended, they installed my payment gateway perfectly, they followed my instructions, they are patient with all the instructions that the project required, the only thing was the time difference, but otherwise he delivered the project in the agreed time
rahat77 –
kunal responded very quickly and was able to deliver right away. He was very flexible with client .Will definitely come back to kunal in the future for support