Direct Bank ACH Transfers Powered By LeafPay
Accept and initiate ACH payments through LeafPay’s integrated contactless payment solution. ACH payments through LeafPay are simple and secure, allowing electronic bank-to-bank transfers for retail payments and B2B payments.
Maximize transaction volume while giving your customers the most efficient method of paying digitally via direct bank transfer, either in-store or online, from the convenience of their Phone.
Key Consumer Benefits
- No cost to the consumer (no ATM fees)
- Charges the exact amount (vs rounding with Cashless ATM)
- Easy to add tips
Key Merchant Benefits
- POS Integration: Select “Direct Bank Transfer” as Tender type and the POS takes care of the rest
- Average Transaction Size: 20-40% larger transactions sizes when consumers pay electronically
- Fast, easy checkouts: Repeat users simply reply to a text to confirm transaction
- No In-Store Hardware: Communication is between POS and consumer’s phone via text
- Contactless Payments: Reduced COVID risk
- Faster, better payments for eCommerce / Delivery Orders: POS sends a text “invite to pay” when eCommerce order is received.
- Consumers can pre-pay via text. Simplifies amount adjustments for substitutions, discounts, etc.
- Easy Reconciliation: Bank deposits are by transaction, easier to reconcile against POS reporting
- Funding: 3 business day funding, auto re-tries if insufficient funds
- Reduced Cash Handling: reduces cash in-store and eliminates need to make change (charges are to the exact amount, not rounded)