Rebates will be reflected on your billing statement in the form of a statement credit. Rebates are subject to forfeiture if your account is not in good standing and will not apply to returns or chargebacks. Purchase classifications are based on merchant category code information supplied by merchant. Receive 1.0% rebate on Corpay One Mastercard® purchases with no bill paid in Corpay One during the same calendar month of Corpay One Mastercard® purchases. ² Receive 1.5% rebate on Corpay One Mastercard® purchases when you pay a bill in Corpay One during the same calendar month of Corpay One Mastercard® purchases. ¹ All cards subject to availability and approval, including credit approval. See Corpay Mastercard® and Corpay One terms and conditions for details. All cards subject to availability and approval, including credit approval. ¹ 2.9% transaction fee applies when funding Check and ACH payments with a Visa®, Discover® or Mastercard® credit card, including the Corpay Mastercard®. Start simplifying your payments with Corpay One - book a demo to get started today! Sending an ACH payment is easy with Corpay One. If a vendor’s banking information is on their invoice or ACH is listed as their preferred payment method in the invoice payment instructions, Corpay One's OCR scanning technology will read those details and start paying them via ACH automatically. With Corpay One, you can pay any vendor requesting ACH (or Check!) payments with your credit card as the funding source - even if they don't accept them!¹ Our flexible payment options allow you to leverage your credit for initiatives that move the needle, instead of putting your cash toward ACH and Check payments to your vendors. Benefits of ACH with Corpay One Flexibility And the convenience of paying a bill or vendor online vs sending a check? Also ACH! Oh, and let's not forget the recurring bills you can pay automatically - hats off to ACH for those too. So, that feeling of getting money deposited directly into your account (without a trip to the bank!) - that's ACH. ACH transfers are more commonly known as Direct Deposit, direct pay or eChecks. Payments in the ACH network are transferred directly from one bank account to another. ACH transfers are processed through the Automated Clearing House Network - hence the name - and governed by the National Automated Clearing House Association (Nacha). What is an Automated Clearing House (ACH) payment?Īn ACH transfer is a type of electronic funds transfer (EFT) used in the United States. Payments made via phone, internet or card.There are many types, but some of the most common types of EFT payments include: What is an Electronic Funds Transfer (EFT)?Īs mentioned above, Electronic Funds Transfer or EFT is just a blanket term for digital payments. Still wondering what exactly an Electronic Funds Transfer or ACH payment is? Let’s get into it! To make the differences clearer, we’ve broken them down in just one sentence.□ An “ACH” payment is a specific type of EFT - and “electronic funds transfer” or “EFT” is a general term that refers to all digital payments. But, did you know these terms aren’t interchangeable? As a business owner, you’ve probably heard of an electronic funds transfer (EFT) and an automated clearing house (ACH) payment.
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