![]() You can upgrade to a paid plan to unlock some features. When your clients check out to pay you, they’ll go through GoCardless’s site with a pay link. ![]() However, the GoCardless name shows up on customers’ bank statements and you don’t get to customize anything. There’s no monthly fee for the basic GoCardless account-you only pay the transaction fees. But if you process one for $1,250, you would pay $2.50 plus $3.75 for a total of $6.25. This means if you process an ACH payment of $700, you would pay $2.50 because of the cap. ![]() International fee: 2% + $0.25 (in customer’s currency).If you process a payment over $1,000, you have to pay an additional 0.3% to GoCardless. payments is capped at $2.50, but there is a caveat. There are two base transaction fees-one for U.S. GoCardless is strictly an ACH payment processor, so you won’t be able to use it to process credit cards. New business owners on a budget would do well with Square Invoices’ transparent flat-fee rates. The only downside is that there is no cap on the fee, however, there’s also no fee for failed ACH transactions. The transaction fee for ACH payment processing is 1% with a $1 minimum. ![]() There is no fee for the basic Square invoice plan, but you can spend $20 per month to get features to help you manage projects, customize your invoices and create milestone payment schedules to make payment easier for clients. Square also lets you send automatic payment reminders to clients. You can track those invoices and estimates, along with cash flow and payments. When you add on the free invoice feature, you’ll be able to send an unlimited number of invoices and estimates. Square offers phone, live chat and email support, but its hours are limited to 6 a.m. With the basic Square download, you’ll also get access to a point-of-sale (POS) system and standard reports through the dashboard. You can only process ACH payments via Square Invoices, but it’s a free service, like its credit card payment processing service. Square is a popular small business management platform with all sorts of services, including ACH payment processing. Learn More: Read our full Payment Depot review.Īlmost any small business could benefit from using Payment Depot for ACH payment processing thanks to its low rate and cap per ACH payment. Payment Depot also offers 24/7 support-you can contact a representative by phone, live chat, through social media or email. You can set up invoicing with SwipeSimple’s software integration. Growth: $99 per month (up to $500,000 in sales per year)Īlso, there’s no long-term contract required to use Payment Depot, so if you find you aren’t saving money on fees, you can find another processor.Starter Plus: $79 per month (up to $250,000 in sales per year).Starter: $59 per month (up to $125,000 in sales per year).The best thing about Payment Depot is its transparency in pricing-you pay the monthly fee plus wholesale interchange rates for credit card processing. So, an ACH payment of $500 will cost you $5, and for any payment of $1,000 or more, you’ll pay $10 per transaction. All ACH processing rates are 1% and capped at a $10 fee. If you process more than $500,000 in sales per year, you’ll have to contact the company for a custom quote. You’ll be placed on one of three monthly subscriptions from $59 to $99 per month based on how much you process annually. Payment Depot is a processor that focuses on credit card payment processing, but it also supports ACH payments.
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