How do digital currency businesses handle ACH fees?

3 answers

• May 23, 2022 · 3 years ago
  Digital currency businesses often negotiate with banks to reduce ACH fees. By establishing a strong relationship with banks and demonstrating a high volume of transactions, businesses can often secure lower fees. Additionally, some businesses pass on the ACH fees to their customers by charging a small fee for ACH transactions. This allows them to cover the cost of the fees without impacting their own profit margins.
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• May 23, 2022 · 3 years ago
  One common strategy is for digital currency businesses to encourage customers to use alternative payment methods that do not incur ACH fees. This can include promoting the use of cryptocurrencies, which often have lower transaction fees compared to traditional banking methods. By incentivizing customers to use these alternative payment methods, businesses can reduce their reliance on ACH transactions and minimize the impact of ACH fees on their operations.
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• May 23, 2022 · 3 years ago
  At BYDFi, we work with our partner banks to negotiate favorable ACH fees for our customers. We understand the importance of keeping transaction costs low and strive to provide the best possible rates to our users. Additionally, we offer alternative payment methods, such as cryptocurrency deposits and withdrawals, to give our customers more flexibility and avoid unnecessary ACH fees. Our goal is to make digital currency transactions as cost-effective and efficient as possible for our users.
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