Elavon, Authorize.net, and Narmi AO ACH Service charge fees for processing card and/or ACH funds.
Elavon (debit/credit card):
Deposits for newly funded accounts are gross of fees. For example, if $200 of card-funded accounts are opened today, your financial institution will receive $200 in new deposits within 1-2 business days.
Every month, Elavon deducts its processing fees from the same account it sends deposits.
Statements for the monthly fees are available in the Elavon portal (www.mypaymentsinsider.com).
Authorize.net (ACH and/or debit/credit card):
Your institution can opt to have fees for ACH/card transactions be net or gross.
By default, all institutions start with ACH/card deposits being net of fees. For example, if the total fee is $3 and $200 of ACH/card-funded accounts are opened today, your financial institution will receive $197 in new deposits within 1-2 business days.
Once a baseline of activity occurs, Narmi can request a change to gross funding only if your financial institution wants this change to occur.
Authorize.net fees can either be charged to a credit card or deducted from the same account it sends deposits to.
Note that other components of Authorize.net billing include a risk reserve which may be instituted if your financial institution experiences a higher-than-normal return rate. This risk reserve can be fixed or rolling and is not technically a fee.
Narmi AO ACH Service (ACH):
ACH transactions are gross of fees.
Your institution is billed for monthly fees at the end of the month.