ACH payments take a week to process
complete
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Delbert J. Smith CPA PC
Is there a way to collect ACH payments quicker than a week? We are finding that it is easier, faster and no fee associated if we debit amounts due ourselves through the bank. It takes a long time to process through Financial Cents billing.
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Abraham Ekstein
I dont think its fair to mark it "complete" when its still outstadning for CAD users!
Amanda Aparicio
updated the status to
complete
Next day payouts are now available for ACH for
US-based users
!C
Cheryl
Amanda Aparicio, what about Canadian users? Anything coming?
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Bri Smith
Amanda Aparicio THANK YOU!!!
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Greg Scholten
I would like an opt-out option. With our current billing process, our ACH charges will double our credit/ACH fees because adjustment fees are now added to every deposit. I would prefer not to pass the cost on to the client, as it would increase their overall cost, but if the opt-out isn't available, I'll need to pass the fees on or move all billing out of FC.
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Art Campbell
yea. stripe is terrible. before FC we used CPACharge (they have since changed their name, but I'm old so I still use that name) and the process was less than three days.
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Art Campbell
It is taking a week for me to see my payments.
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Genevieve Sapp
I rather receive a check in the mail then pay fees then wait 5-7 business days. Do you need assistance connecting with a bigger processing company? Does FC have credit issues that prevents the transfer of funds to be released faster in the states? At this time, I can only accept the deposit in FC rather the full payment then go to QBO for the monthly payments.
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Barb Dornseif
ACH does not take 5-7 calendar days to settle. I can see Saturday to Monday (absent a holiday) but more than 3 days and you are effectively impounding our money to pad your Treasury account. I have no issue with a fees being charged for processing platform investment, cost to operate and some profit - 1% up to $5-10 is fair (Base ACH transfer fee is $0.35 - .50 as I recall), if your cost base reality is higher, then something is a miss. Respectfully submitted by a former analyst for a Very large payments processor who knows the math :-)
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Tina McHugh
Agreed. Faster turnaround time would be much appreciated
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Marcy Hartung
And have them be exact instead of always being off by .01-.03 and me having to adjust to actual!
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Linda Robinson
Agreed, there are definitely quicker.
Autopilot
Merged in a post:
ACH HOLD TIME
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ANDREA ALMEIDA
For the love of GOD! Process ACH transfers in 2 business days, so we don't sadly have to move to another billing platform!
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