It’s essentially a one-time use credit card sent via email, and backed by Visa. You process the card numbers exactly like a credit card, with your POS terminal. While there’s no charge from Nexus, there is a Visa interchange fee. The benefit: you’ll get paid quicker than checks and you can track them online in NexusConnect.
Premium ACH is a payment method that uses the extremely secure Paymode-X network to transfer funds digitally. The format also allows for rich remittance data for easy processing and reconciliation. There is a small cost for this service.