Many people assume e-commerce is always done via credit card payments but that is actually a small amount of the market. Many of our clients come to us to help them implement online payment portals that requirement payment via paperless-check or ACH transfer. There are some huge advantages to these portals.
Payments via e-check, ACH, or paperless-check are typically subject to a single per payment fee. Usually in the range of 50 cents. However, credit card payments are subject to a fee plus a percentage (as high as 3%) of the total transaction. Credit card payments can automatically be reversed and pulled from your account with virtually no way for our clients to dispute that the charge was in fact valid. Between the fees and the burden of proof falling on the business making the charge many clients choose to build ACH payment portals.
Typical cases you should consider setting up an ACH Portal