ACH Pricing
We have integrated with banks across the United States to allow faster and automated ACH verification. This is a premium feature of BoomCloud and this video and page will explain how the banks charge for the auto-verification.
ACH Pricing Details
In order for us to allow your practice to auto verify ACH payments, we have worked with banks across the U.S.A to allow patients to sign up for your dental membership program via ACH through Plaid (this is the API the connects BoomCloud to all Banks). With each ACH that is auto verified via Plaid vs. a manual verification, you will need to pay a $3.00 one time ACH set up fee which is still cheaper than working with credit cards.
Benefits of ACH
ACH bank withdrawals are more affordable and reliable than credit and debit cards. Patients rarely cancel their bank accounts and merchant fees are 0.8% vs the 2.9% from credit card transactions. Signing up patients with BoomCloud’s ACH process will result in a 43% savings over credit cards. See the example below for more details.
ACH vs. Credit Cards
Year 1
| Members | Membership Cost | Setup Fees | Merchant Fees | Total | |
|---|---|---|---|---|---|
| Bank Account | 50 | $300 Annually | $150 ($3/Member) | $120 ($2.40/Member) | $270 |
| Credit Card | 50 | $300 Annually | – | $450 ($9.00/Member) | $450 |
Year 1 Savings: $180
Year 2
| Members | Membership Cost | Setup Fees | Merchant Fees | Total | |
|---|---|---|---|---|---|
| Bank Account | 50 | $300 Annually | – | $120 ($2.40/Member) | $120 |
| Credit Card | 50 | $300 Annually | – | $450 ($9.00/Member) | $450 |
Year 2 Savings: $330
Total Savings over Credit Cards: $510
Questions?
If you have additional questions regarding our ACH premium features, contact our support team – boomcloudapps.com/support