FAQ's

Q: What are the benefits of ACH/EFT Payments for consumers?

A: ACH/EFT Payment simplifies life and takes the hassle out of paying bills. Most people spend the equivalent of three days a year paying bills. ACH/EFT Payment saves that time. ACH/EFT Payment also saves consumers an average of $85 a year in postage and up to $30 a year in check costs (According to the NACHA estimate of 20 monthly bills per family). In addition, many companies now are encouraging their customers to use ACH/EFT Payment by providing financial incentives such as lower interest rates on loans and vouchers for free service.

Q: How many people use ACH/EFT Payment?

A: A growing number of people are discovering the benefits of ACH/EFT Payment. According to NACHA, 43 percent of all U.S. households use ACH/EFT Payment for at least one recurring payment. And, 84 percent of ACH/EFT Payment users say they are very satisfied with it.

Q: Are there any other names for ACH/EFT Payment?

A: Some people may refer to ACH/EFT Payment as automatic bill payment, automatic debit, electronic bill payment or direct debit.

Q: What types of companies and organizations offer ACH/EFT Payment?

A: More and more billers of all types now offer ACH/EFT Payment for recurring payments, including the following:

Q: How do I sign up to offer ACH/EFT Payments to my customers?

A: Sign up is easy with Impact's friendly account management team. Simply call 800-886-8146 to speak with someone who can get you set up today.