Credit Cards vs ACH Payments: Which Is Better for Consulting Firms?
Many consulting firms automatically accept credit cards because that’s what clients expect. However, as invoice values increase, card payments become more expensive.
Credit Card Challenges
Large invoices often result in:
- Higher processing fees
- Payment limits
- Increased risk of disputes
- Higher operating costs
Why ACH Is a Better Option
ACH payments are designed for bank-to-bank transfers, making them ideal for larger transactions.
Advantages include:
- Lower transaction costs
- Reliable payment collection
- Better for invoices over $5,000
- Easy recurring billing
- Improved cash flow
Why Not Accept Both?
The best strategy is to offer clients multiple payment options.
With PayGen, your business can accept:
- ACH payments
- eChecks
- Credit cards
- Payment links
- Recurring subscriptions
Giving clients flexibility can improve payment speed while reducing your overall processing costs.
If your consulting firm processes high-value invoices every month, adding ACH payments alongside card processing can be a smart financial decision.