www.niftypay.com 
NiftyPay EFT / ACH eCheck Services |
NiftyPay's ACH / EFT (Electronic Funds Transfer): |
How ACH / EFT eChecks Work
ACH / EFT eCheck Features
ACH / EFT eCheck Processing Fees
How to Begin
Frequently Asked Questions
- Customer completes your online order form, providing checking account information.
- Submitted form is accepted by NiftyPay's secure server via a secure SSL socket.
- Customer's ABA information is immediately verified against a national database.
- Order confirmation is sent to you and to your customer.
- Using a computer system not connected to the Web, FAPP (the ACH/EFT processor) will initiate an electronic funds transfer (EFT) from your customer's bank account to yours.
- Additional Payment Acceptance Ability
- No Hardware or Software Required
- No Secure Server Required
- All US Checking Accounts Accepted
- Detailed Daily Reporting
The more payment options that are available to your customers, the more likely it is that they will purchase from you. Though much of the buying public uses credit cards, many consumers either do not hold them or prefer not to use them. Only one out of four checking account customers hold credit cards with available lines of credit. Why limit your business to accepting only one form of payment? Accepting customers who prefer checking accounts will greatly expand your customer base.
With ACH eChecks, NiftyPay.com enables you to accept payment from personal and business checking accounts. No credit card merchant account is required.
Instead of waiting for the "check in the mail" and matching payments to orders, ACH eChecks enable you to accept secure payments online. Billing expenses such as postage, invoicing, and bookkeeping are eliminated. 
ACH / EFT eCheck services are included in NiftyPay.com's suite of services and is quickly and easily integrated into your existing online order forms. No software or hardware is required by you or your customers! Once NiftyPay.com's services are in place on your site, your work is done. When a customer places an order on your site, you and your customer receive immediate verification of the order. The information you receive includes the customer's name, address, phone number, e-mail address, items ordered, and the order total. 
Since NiftyPay.com offers complete security on payments from any web site, there is no need for you or your customers to worry about information theft. With NiftyPay, you can eliminate your need for a secure server.
NiftyPay.com's system enables your customers to order online without ever having to transmit their account information over a non-secure Internet connection. NiftyPay.com's services (including EFT) are designed to work via the Internet using a proprietary system, PGP encryption and SSL. You do not need to invest in any security features for your site. (Click here for a detailed explanation of NiftyPay.com's security.) 
ACH / EFT is available to any merchant in the world who accepts payment in US funds. Customers can use checking accounts drawn on US banks. 
Detailed reports are generated showing the customer information for each order. The reports are emailed to you on a daily basis. The emailed reports include an attached tab-delimited file of all orders. This file can be imported directly into your accounting system. These reports dramatically decrease your time spent for matching payments with orders. 
In order to use ACH / EFT eChecks, you must have an account with First American Payment Processing (FAPP), a trusted EFT processor. Rates are as follows:
- No Application Fee
- Discount Rate (per transaction percentage): 1%
- Transaction fee: $0.25
- Returned item fee: $1.50
- Monthly maintenance fee: $10.00
FAPP's fees are above and beyond NiftyPay's prices.
Restrictions: ACH / EFT account requests are subject to review by FAPP. FAPP is unable to work with merchants in the travel industry or those who provide adult entertainment. 
ACH / EFT is available once you have registered with NiftyPay.com.
To begin accepting ACH / EFT payments, go to the NiftyPay.com merchant area, download the ACH / EFT documents (in a .zip file), uncompress them onto your PC, then complete and fill in the information, and finally send us teh paperwork via fax or mail. Once we receive the paperwork form you, we will forward your information to FAPP, who will contact you to complete the setup process. 
