Same Day ACH Processing
A perfect choice for ALL businesses.
Same Day Deposits to you
Low Fees
We work with All Banks
Recurring ACH Debits & Credits
One-Time ACH Debits & Credits
eMail Invoicing
Same-Day Check by Phone ACH
Check Processing
Online Reporting with Images
Stop Going to the Bank
Next Day Funding
Check 21
Electronic Check
View complete listing of Check Readers & Scanners
Accounting Solutions
QuickBooks
- QBO Online
- Pro
- Premier
- POS
- Hosted Online
"Integrated payment solutions can save a typical small business owner more than 180 hours each year"
Credit Card Processing
Retail Face-to-Face
Mail Order Telephone Order
eCommerce Internet Sales
eMail Invoicing
Speak with your Agent how to board your Card MID with SameDayACH
Same-Day ACH
Originating financial institutions (ODFIs) will be able to submit files of same-day ACH payments through two new clearing windows provided by the FedACH Operators:
- Effective March 19, 2021, a third final daily batch, if an RDFI receives ACH credits from an ODFI the operating hours of Same Day ACH are opportunity to clear and settle Same Day ACH payments. Now, Same Day ACH payments can be submitted by financial institutions to their ACH Operator until 4:45 p.m. eastern time, with settlement of funds occurring at 6 p.m. eastern time. The ACH Network settles payments four times each business day.
- Effective March 18, 2022
- Same-Day ACH $1 Million per Transaction Limit
FedNow and Same-Day ACH are both payment systems in the United
States, but they differ in several key aspects:
1.
Speed: The primary difference
between FedNow and Same-Day ACH is the speed of payment processing.
FedNow is designed to enable instant payments, allowing funds to be
transferred in real-time, 24/7, 365 days a year. In contrast, Same-Day
ACH allows for same-day processing of ACH transactions but does not
guarantee instant availability of funds. Same-Day ACH transactions
typically settle in batches throughout the day, with multiple processing
windows.
2.
Availability: FedNow operates on a
24/7 basis, meaning it is available at all times, including weekends and
holidays. This provides greater flexibility and accessibility for
instant payments. Same-Day ACH, on the other hand, operates within
specific processing windows on business days only, excluding weekends
and holidays. While Same-Day ACH offers faster processing compared to
traditional ACH, it does not provide instant availability of funds
outside of its processing windows.
3.
Transaction Limits: FedNow is
expected to have higher transaction limits compared to Same-Day ACH.
Instant payments through FedNow are likely to accommodate larger
transaction amounts, making it suitable for various use cases, including
high-value payments. Same-Day ACH, while offering faster processing, may
have limitations on the maximum transaction size allowed within its
system.
4.
Fees: Both FedNow and Same-Day ACH
may involve fees, but the fee structure and pricing models may differ.
Financial institutions may charge fees for initiating or receiving
instant payments through FedNow, while Same-Day ACH transactions may
also incur fees depending on the service provider and the type of
transaction.
5.
Settlement: FedNow settles
transactions instantly, providing immediate availability of funds to the
recipient. In contrast, Same-Day ACH transactions settle within the same
business day but may not be immediately available for use by the
recipient. The availability of funds in Same-Day ACH transactions is
subject to the receiving bank's policies and processing timelines.
Overall, while both FedNow and Same-Day ACH offer faster
payment options compared to traditional methods, FedNow distinguishes
itself by providing real-time, 24/7 payments with immediate availability
of funds, whereas Same-Day ACH offers same-day processing within
specific windows on business days. The choice between the two systems
depends on the specific needs of the parties involved, including speed,
availability, transaction limits, and cost considerations.
What is Same-Day ACH?
Automated Clearing House (ACH) is an electronic digital network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. Debit transfers also include new applications such as the point-of-purchase (POP) check conversion (ARC) and more, (see ACH transaction types) NACHA. Both the government and the commercial sectors use ACH payments. Businesses increasingly use ACH online to have customers pay, rather than via credit or debit cards. ACH is a computer-based clearing and settlement facility established to process the exchange of electronic transactions between participating depository institutions. Account-to-account (A2A) transfers that utilize a system connected to every transaction participant through all U.S.-based financial institutions. Funds are available for use by the receiver same-day. Most ACH transactions are "ACH Credit" or "ACH Debit."
SameDayACH.com, we believe, is the only payment processing gateway providing "Same-Day Deposits" for ACH, Electronic Check, Credit Card, Debit Card and Paper Check conversion/payment solutions all with one convenient login with the additional benefit of accounting software integrations! Same Day ACH Merchant Services is one of the fastest-growing privately held electronic funds transfer processors in the United States. SDA customers benefit from a comprehensive suite of payments products and services. Our customers receive faster availability of funds on deposited items and instant notification of items presented for deposit – all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology, SDA provides tools to help organizations of all sizes reduce transaction costs, mitigate risk and increase efficiencies. Our system ensures proper Authentication, Authorization, Verification, Settlement, Notifications and Postings.
Value through Innovation
Your Choice ~ Integrate your software system with us (e.g. Real Estate / eCommerce / Accounting / Billing / CRM / Invoicing or, send us your API and we'll integrate with YOU! Since inception, SDA has focused on providing maximum value to our customers by expanding the technological capabilities of core payment infrastructures. Through these developments, we have been able to help our clients reduce their operating costs, increase cash flow and maximize their resources. As the payment industry evolves, SDA is committed to providing leadership and solutions that leverage emerging technologies. Through these innovations, we fulfill our company’s primary objective: to provide our clients with the services and tools they need to succeed.
Same Day ACH Advantages
100% Secure Payment Processing
Form 1099 Generation
Online "Credit-Push" Payment Solutions for "Pay-0uts" (A/P)
Eliminate Paper Checks
Eliminate customer service calls
Payment Processing Method Selection
Eliminate waiting for checks to "clear"
Payment Reconciliation
Reduce Accounting Time and Expenses
Same Day ACH Merchant Services
...continues to meet the challenge of our clients by offering cost effective ACH and e-check payment processing services into the electronic payment solutions banking system. Electronic banking includes the transfer of digital funds between companies and/or consumer accounts for collection and payments.
Same-Day ACH Payment Processing
Our System works with all banks! Online integrated Origination, Sending, Receiving and Recordation of all ACH Transfers. All participants receive real-time electronic notifications.
Keep your current Banking Relationships!
Same Day ACH's inter-bank digital payment transfer system works with all Banks and Credit Unions that are participants in the US Federal Reserve System.
Use our online Payment Gateway interface or integrate your in-house system with our API.
Our Advantages
Lowest Rates | Low Rates and Fast Funding We offer the absolute Lowest Rates Rate Quote and faster funding than other providers | |
Our Promises to YOU | Call us for more promises!
| |
Integration | Works with QuickBooks® Versions above 2007 Use your QuickBooks® Online and desktop versions: Pro, Premier, and Enterprise Editions as early as 2007. Not compatible with the online edition | |
Ease of Use | Payment Option Variety Make it easier for customers to do business with you by accepting a variety of payment options | |
Accept All Payment types | Accept Credit Cards, ACH (eCheck) & Paper Check Transactions Most providers only support credit card transactions. Expand your ability to collect payments | |
Simplify | A Single System Simplify your financial operations with a single system and single set of records for all payment processing, whether web order, phone order, cash sale or invoice payment | |
Cash Flow | Shorten time to Payment Improve cash flow and shorten time to payment with cost-effective Same-day deposit of funds | |
PCI Compliant | Customer Vault Use our powerful Customer Vault, with ACH payment Tokenization, to store billing information in a PCI Compliant system and issue subsequent transactions against that billing information |
Contact Us for Same-Day ACH payment processing
