Payment processor Netbilling has brought check processing in-house, which has resulted in lower prices for customers, the company announced.
Previously, Netbilling used a third party for check processing, who’s services were integrated into the their system.
In addition to consumer savings, the new direct relationship has given the processor the ability to offer more structured ACH reporting inside its administration. That includes new ACH reserve reports that display daily fees, disbursements and reserves to Netbilling’s merchants.
“Netbilling is excited to offer online merchants such a low cost processing alternative to credit cards. Because of our new direct ACH processing relationship, Netbilling is also now able to offer price points that are some of the lowest in the industry, without any monthly fees,” said president Mitch Farber.
Netbilling also now supports EFT transactions through their ACH system and auto represents returned items.
Their ACH processing is available to all Internet merchants, including those not processing credit cards through the company. Pricing ranges from 2.5 to 5 percent.
