[ONEFUND]

Most banks require 2+ years TIB to use ACH collections. What is a good alternatives to pull PSF when you cut points to work a deal?

[Olderguy]

Any reason they can't wire, Zelle, Wise, send you a check?

[ridextreme]

Any reason they can't wire, Zelle, Wise, send you a check?

But where do u slip that into the contract then?

[Yankeeman07]

Most banks require 2+ years TIB to use ACH collections. What is a good alternatives to pull PSF when you cut points to work a deal?

Check 21 -

You will receive your payments from your customers within 3 minutes.
Deposit via Teller, Mobile or ATM
Save money on the lowest processing fees in the eCheck industry,
0.95% Discount Fee, ZERO Transaction Fees.
You will Get Paid for the full amount you billed:
Discount Fees are billed separately.

Reduce the Chargeback and Dispute periods from 6 months to 40 days.
NO reserves required.

[Olderguy]

But where do u slip that into the contract then?

I have a one page fee agreement I'll attach here:

https://drive.google.com/file/d/1-EM...ew?usp=sharing

Hope that helps and can work for you.

[zalman]

Goach.com

[Yankeeman07]

I have a one page fee agreement I'll attach here:

https://drive.google.com/file/d/1-EM...ew?usp=sharing

Hope that helps and can work for you.

That is a "Authorization" which should be part of a PSF Agreement

[Olderguy]

That is a "Authorization" which should be part of a PSF Agreement

It's all I've ever needed. I always have had an excellent direct relationship with my clients and never had a problem with this.

But yes you might want a separate agreement with verbiage to protect your interests and ability to get paid. And to prevent shopping the deal, etc.

[brokerCompany]

goach is ok though they charge you a lot of fees on each transaction every month.

ACh processing is another one. Though if you are new they will get you do deposit 5k+ or something in their account as a cushion. You get it back in 2 years lol


I dont trust a client to zelle me money. Good for you if you can do that.
I know some banks you can automatically do your own ach collection with and ACH authorization in place

[Yankeeman07]

Just a CYA thought

[Yankeeman07]

goach is ok though they charge you a lot of fees on each transaction every month.

ACh processing is another one. Though if you are new they will get you do deposit 5k+ or something in their account as a cushion. You get it back in 2 years lol


I dont trust a client to zelle me money. Good for you if you can do that.
I know some banks you can automatically do your own ach collection with and ACH authorization in place

To pull a ACH you have to have approval from the Treasury Department" of your bank. It is NOT a service
that is freely provided. It is a service that is "Underwritten" by your bank.

[Olderguy]

goach is ok though they charge you a lot of fees on each transaction every month.

ACh processing is another one. Though if you are new they will get you do deposit 5k+ or something in their account as a cushion. You get it back in 2 years lol


I dont trust a client to zelle me money. Good for you if you can do that.
I know some banks you can automatically do your own ach collection with and ACH authorization in place

My bank (US Bank) does that using singlepoint and very small fee...but you have to have 2 years TIB.

[JustInCase]

[brokerCompany]

I don't mean to intrude but been looking for a good ACH processor if anyone knows any? I looked into GoACH glad to see someone gave input on them. Been getting solicited by a guy Perry Chen, for Clear ACH if anyone has input on them? Very skept with choosing one as I have heard a lot negative things in general regarding fees and holds on funds. Need a proven trustworthy route.

go ach, just read the contracts they are good for first time users if you dont have much history. But lots of fees and they charge you every month even if you dont use the service