- Robust appetite for your business model
- Late cut-off times extend same-day
- Preferred funding method for many consumers
Quick and easy access to ACH Payments in the US
Q: What is ACH?
ACH, or Automated Clearing House, is a system created by the Federal Reserve Bank to transfer funds electonically between accounts. ACH can be used for transferring funds between your own accounts, sending or receiving payments with vendors and clients, and even managing large batches of payments with customers.
Q: How does it work?
Requestors or senders submit batched payment requests to Masterpayment. We then submit the requests to the ACH network via our banking partner and these are then sent to the end-point bank. Funds are settled back to Masterpayment for us to settle to the requestor or sender.
Q: Do I need a US Bank Account?
Yes. ACH is currently only available to businesses that have a US entity with a USD denominated bank account
Q: Can payments be rejected?
Yes. There are a number of reasons that payments can be rejected. Each reconciliation file will contain details of rejections for you to remedy. A full list of rejections can be found in our implementation guide
Q: When do I get paid?
All settlement times are subject to your ACH agreement with Masterpayment. Settlement is usually received by Masterpayment between 4-5 days after submission for standard ACH. For Same Day ACH, funds are usually available to Masterpayment the same day, subject to cut-off times
How do I get started?
Contact our sales team now!
ACH – more detail
INTERNATIONAL PAYMENT GROUP
Key acquisitions and investments that Net1 has made over the last 24 months (Masterpayment, Transact24, Bank Frick 35 % of capital stock) created the foundation for the formation of a genuinely International Payment Group (IPG).
The comprehensive offer consists of Creditcard Acquiring, Alternative Payment Methods, Corporate Accounts/Custody, Treasury FX and Issuing / Card Solutions. As a listed market participant (NASDAQ: UEPS), the group always operate all business on the high regulatory level of the financial supervisory authorities.
As one group, we operate highly critical business processes that place the highest requirements on risk and fraud management as well as on top availability and conversion management, to creating immediate growth with our customers.
The traditional customer portfolio ranges from merchants to digital content and gaming/gambling customers to remittance/financial services.
The International reach with locations in Munich, Liechtenstein, London, Malta and Hong Kong and the regulatory footprint under the license umbrella for banking and eMoney (AEMI Licence in the UK, AEMI Licence in the EU, PI Licence in Mauritius, TPPPA membership and SOC1 Type II compliance in the USA) allow the group to serve all facets of financial business.