Posted by NationalACH on Nov 29, 2022
Instant Bank Transfers No Chargeback Gateway

Unlimited processing volume.  No chargebacks.  No revokes.  No reserves. Secure way to pay online. 

Instant bank transfers are an alternative payment method that is like a cash payment. After the buyer authorizes the transaction, it cannot be revoked or charged back.

Instant bank transfers can be used for all ecommerce transactions and online payments.  Merchants in all verticals (except explicit adult content) are welcome.  High-risk merchants find the payment method particularly helpful.

Instant bank transfers are integrated to your site via an API.  All transactions begin and end on your site. The trusted alternative payment method gives your customers another way to pay you. Quick settlement of funds immediately after the customer authorizes the payment. 

How Instant Bank Transfers Work

Instant bank transfers are a proven effective alternative payment method. Customers pay you without revealing any sensitive card or bank information.  Providing your customers with a private way to pay you instead of using debit / credit cards or  ACH / echecks.

Customers pay you directly from online bank accounts. Transactions are authorized by the customer in real time.

  1. Buyers go to your check out page. The customer chooses to pay with  an instant bank transfer.
  2. Buyers click on their bank.
  3. A secure temporary connection to the bank is established. The customer logs in using online banking credentials and authorizes the payment. 
  4. The money is transferred from the account. The connection to online banking is complete.
  5. The customer is immediately returned to your site. The customer can continue shopping on your site or exit the site.
  6. Funds settle to your bank account once the customer authorizes the payment.

Proven Way to Get More Sales

The more ways customers can pay you, the more orders you receive.  It is simply good business to accept payments any way customers want to pay you.

While it is true that cards and ACH / echecks are the most popular ways of paying online, a significant number of shoppers are not comfortable revealing sensitive card or bank details online.  Lots of buyers are concerned about fraud, identity theft, and security issues and may hesitate revealing information, particularly if buying from you for the first time.

Instant bank transfers let shoppers pay you without revealing sensitive financial data. It is the safest way for customers to pay you privately and discreetly.

High Risk Merchants Reduce Chargebacks and Revokes

The most significant task in managing a high-risk merchant account is keeping chargebacks under control.  The card brands dictate the chargeback rations allowed., the governing body of the ACH network sets the ratios for ACH transactions. 

To keep high risk accounts in good standing, merchants must continuously monitor chargebacks (cards) and revokes (ACH / echecks).  Card transactions can be charged back up to 180 days. ACH up to 60 days. Echecks up to 40 days.

For companies selling high ticket items, a single chargeback or revoke can jeopardize existing merchant accounts. For low or average sales tickets, chargebacks and revokes quickly add up and impact payment processing accounts.

Instant bank transfers cannot be charged back or revoked. Offering the payment option on your checkout page encourages shoppers to pay you in this manner. Each order paid for with instant bank transfers help reduce your potential for chargebacks or revokes. Helping to lower chargebacks ratios and protecting your card, ACH, and echeck merchant accounts.

More Benefits of Instant Bank Transfers

The following are more reasons merchants offer bank transfers as a payment option on the checkout page:

  • No limits on processing capacity.  Process as much volume as you like.
  • No reserves. Free up your working capital instead of tying it up in a processor’s reserve account.
  • Quick settlements. Everyone loves to receive money faster.
  • Reduce shopping cart abandonment. Get orders from shoppers who prefer not to give out card or bank information online.  
  • Superior customer service from highly trained customer service and technical support representatives. Get the help you need when you need it.
  • Need card accounts? Easily add high-risk card merchant accounts on the same payment gateway as instant bank transfers. 
  • High risk ACH and echecks merchant accounts available through a single source.

Reduce Risk and Increase Sales

Instant bank transfers are a trusted payment method. Millions of Americans use bank transfers to “push” payments to utilities and other services each month. 

Now, that familiar payment option is available for online payments.  Integrated directly to your site via an API.  All transactions begin and end on your site.

The alternative payment method is different than cash apps where customers must take extra steps to pay you. The more steps required of a customer the higher the likelihood of losing the sale.

Interested in more information on  instant bank transfers?  Love to hear from you.   Contact us today.