What’s the best way to send mass payouts?

Asked Feb 12, 2012· 1 answer ·Americas, Developed Markets, North America, United States

Faisal KhanAnswered Feb 12, 2012

If the payout accounts are US based, almost any decent ACH processor that does payout (direct deposits) will allow you to do this. Most (progressive) ACH processors provide an API to their payment system. Two provider that I have worked with that provide such a mechanism are ACHq (See www.achq.com) and FirstACH (See www.firstach.com).

Batch Payments Payment Infrastructure Account-to-Account Payments ACH Americas Developed Markets North America United States

Related in Domestic Payment Rails, National Switches and Clearing Systems

Is there an efficient way to automate making hundreds of payments to online retail customers besides PayPal?1 ans What is the most efficient way to send mass or bulk payments?1 ans Do you think an ACH can be rejected (incurring reject fees) if we verify the balance ahead of time?1 ans Can ACH transfers be made to or from a prepaid card?1 ans