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Building a relationship with an ODFI generally takes many months (3-6) and multiple audits (sometimes including PCI), in addition to specific risk and capital requirements. Marketplaces generally have higher compliance & capital requirements, as consumer debits are one of the riskiest ACH transactions. For their customers, Balanced (and others) remove a lot of the compliance & business overhead in exchange for a higher fee (most ODFI's charge less than $0.15/transaction even at low volume).


Are pinned debit card transactions considered ACH transactions?

None of the payment processing providers differentiate between the two.




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