ACH payments are different from credit card transactions. An ACH payment occurs when there's a direct transfer of money from one bank to another.
The advantage of ACH is that it incurs lower transaction fees compared to credit card payments. In fact, some money transfer apps like Venmo use ACH to send money for free.
While ACH attracts new businesses because of its low costs, it's also one of the least reliable methods of payment.
Typically, an ACH payment can take 4 or more work days for a transfer to complete. As such, there's a much larger risk of failed payments and disputes if you rely on ACH for your business.
For this reason, we recommend using Stripe with the free version of WPForms. This way, you enjoy low transaction fees without compromising on user experience or the reliability of your checkout system.
Stripe payments are instant and secure, minimizing the risk of processing delays and disputes.