not only is there an ODFI-clearing house - RDFI delay caused by the actual "clearing" process - the whole flow starting from the merchant->payment processor step is a sequence of nightly batches with cutoff times factored in to boot.
from the merchant perspective, however, ACH payment is cheaper to process than a credit card payment and is way less likely to end up in a chargeback.
not only is there an ODFI-clearing house - RDFI delay caused by the actual "clearing" process - the whole flow starting from the merchant->payment processor step is a sequence of nightly batches with cutoff times factored in to boot.
from the merchant perspective, however, ACH payment is cheaper to process than a credit card payment and is way less likely to end up in a chargeback.