{"id":5977,"date":"2023-09-04T18:56:11","date_gmt":"2023-09-04T18:56:11","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=5977"},"modified":"2024-11-19T13:26:51","modified_gmt":"2024-11-19T13:26:51","slug":"unlocking-hidden-revenue-the-ach-solution-for-crypto-purchases","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/unlocking-hidden-revenue-the-ach-solution-for-crypto-purchases\/","title":{"rendered":"Unlocking Hidden Revenue: ACH Solution for Crypto Purchases"},"content":{"rendered":"\n

The convenience of Paybis meets finesse of ACH.<\/strong><\/p>\n\n\n\n

Credit cards have long reigned as the preferred payment method in the USA, offering unmatched convenience and safety. It is the most popular payment method, with <\/span>4 out of 10 transactions<\/span><\/a> going through them every time.<\/span><\/p>\n\n\n\n

Credit cards are so popular that <\/span>83% of US adults own at least one<\/span><\/a>. But let\u2019s face it: the crypto realm hasn\u2019t quite danced to the same tune. The culprit? Transactions may be arbitrarily disapproved due to false positives or other reasons that are heavily influenced by the <\/span>Merchant Category Code (MCC)<\/span><\/a> 6051.<\/span><\/p>\n\n\n\n

Big banks like <\/span>Bank of America and Wells Fargo<\/span><\/a> have been called out for gatekeeping as many as up to 45% of transactions trying to buy crypto with credit cards, leaving us all yearning for an alternative.<\/span><\/p>\n\n\n

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Enter ACH, the unsung hero of electronic payments. With approval rates soaring as high as 90%, ACH has stood the test of time, proving itself as the reliable payment method for a wide array of transactions.<\/span><\/p>\n\n\n\n

ACH for Crypto Purchases: A Viable Alternative?<\/span><\/h2>\n\n\n\n

ACH is an electronic payment network in the United States that has gained significant traction due to its reliability, security, and low-cost nature.<\/span><\/p>\n\n\n\n

Operating as a batch processing system, ACH groups multiple transactions together, processing them at specific intervals throughout the day. This approach significantly reduces associated transaction costs.<\/span><\/p>\n\n\n\n

ACH’s user base is also very large, with more than 30 billion electronic payments being processed in 2022 alone. Further, most credit card holders in the US also have access to ACH as a mode of payment.<\/span><\/p>\n\n\n

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Now, what if your business had access to this network? ACH is a convenient payment solution for most US households – opening it up as a payment method for your customers will have profound positive implications for revenue.<\/span><\/p>\n\n\n\n

Paybis: Enabling ACH Payments<\/span><\/h2>\n\n\n\n

One of the many things Paybis is known for is its relentless commitment to bringing the latest and greatest technology \u2013 including new payment methods \u2013 to as many users as possible.<\/span><\/p>\n\n\n\n

In the spirit, Paybis engaged in a quest to deliver a payment experience that is unlike any other \u2013 a crypto buying experience that would skyrocket your approval rates. No more frustrated customers emailing you and asking why their credit card transactions are being declined.<\/span><\/p>\n\n\n\n

We dived deep into ACH, recognizing its immense popularity, and saw the untapped potential it held for revolutionizing crypto transactions.<\/span><\/p>\n\n\n\n

After meticulous research and tireless development, we have masterfully integrated ACH payments into our platform.<\/span><\/p>\n\n\n\n

Imagine ACH’s awe-inspiring approval rates. The result? A gateway to transactions that materialize at the speed of thought, with approval rates soaring as high as 90%.<\/span><\/p>\n\n\n

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ACH also has much lower fees than credit cards, which is why many Americans prefer this payment method for smaller transactions or repeat purchases.<\/span><\/p>\n\n\n

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Useful links<\/h2>\r