ACH Payment Processors

[shanehicks]

Continuing to pay gateway providers is really starting to get pretty expensive. 2.9% (vs Stripe's 0.8%, capped at $5 fee) gets pretty high when you start doing larger transactions. I just received access to Stripe's ACH payment method, but it's not compatible with our CE's version of the API.

I considered using Plaid for business as well but it's not a method for CE either.

I did some research and discovered that CE creates a card_ as a payment/card ID that it references to when processing a payment. The newest API uses pm_ to universally reference all types of payment methods. That, along with continuing to utilize CRON in this way to check to see if the payment processor has updated their end the payment in the account.

 

[4yw]

Yes, ACH methods BADLY needed to reduce fees!!!

 

[Frithat]

Continuing to pay gateway providers is really starting to get pretty expensive. 2.9% (vs Stripe's 0.8%, capped at $5 fee) gets pretty high when you start doing larger transactions. I just received access to Stripe's ACH payment method, but it's not compatible with our CE's version of the API.

I considered using Plaid for business as well but it's not a method for CE either.

I did some research and discovered that CE creates a card_ as a payment/card ID that it references to when processing a payment. The newest API uses pm_ to universally reference all types of payment methods. That, along with continuing to utilize CRON in this way to check to see if the payment processor has updated their end the payment in the account.







If you're looking for a payment processing service with flexible integration options and low fees, you might want to consider paykassma.com. They offer an innovative payment solution that supports various methods and provides fast, secure transactions—ideal for businesses like yours that need both scalability and efficiency. Sometimes a custom integration or newer API features can be the key to reducing costs and streamlining payment processing. PayKassma could be a reliable option worth checking out.

It sounds like you're really diving into optimizing payment processes, which is essential for managing costs effectively as you scale. The fees from gateway providers like Stripe can definitely add up, especially when you're dealing with larger transactions. ACH is a great option for saving on fees, but as you mentioned, API compatibility can be a hurdle.
It's good that you've explored Plaid as a potential solution, but I can see how compatibility issues with CE's system might limit your options. The update to a more universal payment method with the "pm_" reference in the newer API could make a significant difference in simplifying things and reducing reliance on individual payment methods.
It might be worth reaching out to your payment processor to see if they can assist with the API integration or look into other services that may offer more flexibility in terms of payment types, especially as they move to more standardized methods. Sometimes a custom integration or newer API features can be the key to reducing costs and streamlining payment processing.