Why Credit and Debit Cards Are Better than ACH

Wondering if credit and debit cards are a better choice than ACH for your business? We’ve broken down the crucial differences to help you make an informed decision.   

Here’s a snapshot of what you’ll learn: 

• Processing Time: Find out why faster transaction processing with cards can be a game-changer. 

• Fees and Costs: Compare the clear fee structures of credit and debit cards with potential hidden costs of ACH. 

• Risk and Security: Discover how card payments offer superior fraud protection and security. 

• Customer Experience: See how credit and debit cards enhance the payment experience for your customers. 

Keep reading to learn why credit and debit cards may be the better choice for your business and how they can streamline your payment processes. 

Comparing Credit Cards with ACH

When choosing payment methods for your business, it’s important to consider how different options stack up against each other. While ACH (Automated Clearing House) transactions can be useful, credit and debit cards offer several advantages that often make them a superior choice. In this blog, we’ll compare credit and debit cards with ACH and highlight why cards might be the better option for your business. 

Processing Time

Credit card transactions are processed instantly, giving you quick access to your funds. On the other hand, ACH payments can take days to settle, creating delays in cash flow that can affect your operations. 

 With Basys, we ensure that payments are processed quickly and reliably so you can count on consistent cash flow. 

Fees and Costs

While credit card transactions do come with processing fees, ACH isn’t fee-free either. ACH transactions often carry hidden costs like return fees or chargebacks. When deciding which payment method is right for your business, it’s important to weigh these factors carefully. 

At Basys, we’re transparent about our pricing. We work with you to find a fee structure that makes sense for your business, with no hidden fees – ever. 

Risk and Security

When it comes to security, credit cards are the superior choice. They provide robust fraud protection, reducing your exposure to risks like unauthorized transactions. ACH transactions, while useful for certain purposes, leave you with fewer protections and higher fraud risks. 

Basys takes security seriously. We offer best-in-class security through advanced tokenization, protecting your business and your customers with safe and secure transactions every time.

Customer Experience

Customers value convenience, and credit cards offer that in spades. ACH is useful for specific transactions, but for everyday use, credit cards provide a faster and easier experience. Offering the right payment options can significantly improve customer satisfaction. 

Basys helps streamline your payment experience, giving you access to the latest payment technology that makes transactions quick and easy for your customers, whether they’re paying in-store, online or via mobile. 

Making the Right Choice for Your Business

Assessing Your Business Needs

When choosing a payment method, consider factors like transaction volume, customer preferences and cash flow needs. If your customers prefer the speed and security of credit cards, making them your primary payment option is a smart move. This is true for both card-present and card-not-present transactions. 

At Basys, we offer tailored payment solutions that fit your unique business requirements. We help you assess your needs and find the best payment options to maximize growth and customer satisfaction. 

Balancing Payment Methods

A balanced payment strategy may involve accepting a mix of credit cards, debit cards and ACH. Credit cards are ideal for day-to-day transactions and recurring payments, while ACH can sometimes be useful for recurring payments or larger business-to-business (B2B) transactions.  

 Finding the right balance allows you to meet customer needs while managing costs. 

With Basys, you get the flexibility to accept a variety of payment methods, ensuring that you’re ready to serve any customer, no matter how they prefer to pay. We even offer dual-function virtual terminals that accepts both credit cards and ACH.  

Conclusion

While ACH transactions have their place, credit and debit cards offer numerous advantages, including faster processing, better security and improved customer experience. By choosing credit and debit cards, you can enhance your payment process and better meet the needs of your customers. Basys is here to help you optimize your payment solutions and make the most of these benefits.