The #1 best way to collect rent as a landlord in 2025

Choose providers that balance affordability and functionality to maximize value. A smart choice now can lead to long-term cost best way to accept ach payments savings and better efficiency. If you want immediate access to your money, you will pay a fee of 1% (minimum 25 cents, maximum $10). You can choose whether or not to allow all payments from tenants (i.e., full or partial payments) or block partial or all payments from tenants.

Select a third-party payment processor.

With that in mind, it’s worth considering where the money will land once it’s gone through the payment gateway. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed Medical Billing Process decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products.

Best ACH Payment Processors For Small Businesses

Stripe is a popular payment gateway that allows you to collect ACH payments on your WordPress site. Let’s walk through what QuickBooks payment links are, how they work, how to set Online Accounting them up, and why they’re a smart choice for growing businesses. Learn about international transfer pricing regulations for intra-company cross-border transactions to ensure compliance and optimize global operations. If you receive international payments, then it can be worth looking into an alternative solution, such as Wise Business. Here are some of the top benefits of ACH payments for small businesses.

How do payment gateways compare in terms of cost?

Finding the right ACH payment gateway involves getting to know your specific needs. Some providers are better for small businesses, while others cater to high-volume enterprises or subscription-based models. With the right ACH provider, businesses can simplify transactions, improve cash flow, and reduce operational costs. Your customers will know they can trust you to handle their payments safely.

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• The source of the funds could be a credit card, debit card, bank account or a digital or cryptocurrency wallet, among others.
• One way to accept payments online is to use an online payment processor.
• In some cases, customers pay interest on these payments; in other cases, customers only pay fees if payments are late.
• An ACH payment is an electronic transfer of funds between institutions, like banks and credit unions, that occurs using the Automated Clearing House network.
• Your business can upload product lists, menus, and service lists, making it simple for your staff to accept orders.
• And when credit card transactions go wrong, the funds can get tied up for weeks on end.

It’s a great option for those seeking a low-cost alternative to credit card payments. Zelle is designed for businesses that want to enable fast, direct bank-to-bank transfers. It’s particularly useful for service providers, freelancers, and small businesses that deal with repeat customers and prefer avoiding credit card fees.

• PayPal is slightly more expensive than Stripe, charging 2.7% plus 30 cents per online transaction, compared to the 2.7% plus 5 cents for most transactions with Stripe.
• You can process ACH payments for your customer’s invoices or sales receipts.¹³ QuickBooks also offers a range of other payment methods, as well as a robust accounting solution.
• FreshBooks Payments employs Stripe, which uses top-of-the-line security and encryption to keep transactions safe and secure.
• With over a decade of editorial experience, Rob Watts breaks down complex topics for small businesses that want to grow and succeed.
• For small businesses, cash flow is king—and quick payment processing is essential to keeping it healthy.
• And the more payment methods you accept, the better, offering your customers flexibility and convenience.

Alternatively, you can register with a third-party payment processor (TPPP) to accept payments faster in exchange for a small fee. Also, accepting cards via a virtual terminal or card reader costs more money as the card isn’t present. While this is a convenient option, it can result in credit card fraud, as the cardholder’s data may be stolen.