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Aeropay makes automatic bank payments straightforward and safe — with the lowest fees and industry-leading acceptance rates.
Designed for simplicity, security, and speed — Aeropay’s proprietary technology saves your business money, while increasing regularly accepted payments.
Accept payments with a simple user experience backed by machine learning, real-time decisioning, and direct bank connections.
Before a recurring ACH transaction is initiated, the customer’s bank account must be authenticated and “linked” to verify its ability to send funds.
Boost conversion rates 25% with passwordless authentication that verifies a user’s identity using secure information like facial recognition, fingerprint scans, or one-time passcodes sent to their mobile device.
Next, the account holder must consent to automatic withdrawals from their bank account. This includes agreement to the total payment amount and scheduled intervals for ACH credits from their account.
On the scheduled payment date, the payee’s bank initiates the fund transfer through the ACH network. The bank sends a request to the payer’s bank for the specified amount of money. Before the payment is approved, the processor performs real-time fraud and risk detection checks to ensure sufficient bank account balance. This prevents returned payments due to insufficient funds or bad account information.
Once approved, funds are deducted from the customer’s bank account and transferred to the merchant’s account via the ACH network. Unlike wire transfers, ACH payments are processed in batches, typically within 1 to 3 days, depending on the processing window (first same day ACH, second same day ACH, third same day ACH, or next day ACH).
Insurance companies benefit from a recurring setup that reduces manual billing, avoids missed payments, and keeps customer coverage uninterrupted.
Recurring ACH payments are the best way to guarantee on-time rent collection.
Gyms, software platforms, and more benefit from durable financial information and guaranteed monthly payments.
80% reduction in fraudulent transactions
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Aeropay’s modern ACH solution works anywhere a customer typically pays by cash, check, or card.
ACH processing with Aeropay is up to 70% less than accepting cards. We don’t charge monthly fees, set up fees, or closure fees. Instead, we work with your business to build a custom pricing plan that’s built to scale.
ACH transfers are either credits or debits, depending on which direction money is flowing and who initiates the transaction.
In 2024, the Automated Clearing House network offers increasingly fast fund settlement options, like same-day or next-day. In fact, NACHA found 80% of ACH Network volume settles in one business day or less.
You can even access ACH payments in real-time with Aeropay’s guarantee. We’ll deliver funds immediately and handle collecting the customer’s payment once it settles.
Aeropay doesn’t require customer account numbers or routing numbers. Instead, onboard customers with a branded, embedded bank login flow that takes less than 15 seconds for first-time users.
