What is a key benefit of ACH payments?

A key benefit of ACH (Automated Clearing House) payments is their low cost. ACH payments generally have lower transaction fees compared to other payment methods, such as credit cards or wire transfers. This cost efficiency makes ACH an attractive option for both businesses and consumers, particularly for recurring payments like payroll, bill payments, and subscriptions.

While security is an important factor in payment processing, ACH payments, while secure, do not specifically offer "high security" as their defining feature compared to other methods that may utilize more advanced fraud detection and encryption schemes. Urgent processing and immediate settlement are also not characteristics of ACH, as these transactions typically take one to two business days to settle, making them less suitable for cases requiring urgent payments. Therefore, the correct identification of the low cost associated with ACH payments highlights a significant advantage that can benefit users economically.