Interchange Fees: How They Work & How to Reduce Them

by Cheqly team | | Interchange Fees

If you’ve ever looked at your monthly statement and wondered why a chunk of every card payment disappears before it hits your account, you’ve run into interchange fees. They’re one of the highest hidden costs of accepting card payments, and most business owners never quite understand where the money goes or why the rate changes … Continued

What Is a Pending Transaction and How Does It Work?

by Cheqly team | | Pending Transaction

Ever looked at your bank account and wondered why your balance doesn’t match what you can actually spend? That can happen when a transaction or authorization is still pending. Whether it’s a debit card purchase, a hotel hold, or another temporary authorization, money may be reserved for hours or even days before the charge is … Continued

How Do ACH Prenotes Work? A Simple Guide

by Cheqly team | | ACH Prenotes

The ACH Network is expanding at a rapid pace, having handled 8.9 billion transactions with a total value of $24.1 trillion in the first quarter of 2026, according to NACHA. Also, Same Day ACH transactions have risen by 23.6% year over year, amounting to 403 million payments, which indicates strong demand for fast and efficient … Continued

Card-Present Transactions: A Complete Guide for Businesses

by Cheqly team | | Card Present Transactions

Today, businesses accept payments in different forms. Though digital payments are growing, physical payment methods still have their own user base. Among those physical methods, card-present transactions are one of the most widely used. They are typically more secure against counterfeit fraud because physical presence allows for stronger authentication. In fact, Visa reported an 80% … Continued

R23 Return Code in ACH Payments: Meaning, Causes, and How to Fix It

by Cheqly team | | ACH Return Code R23

The Automated Clearing House (ACH) Network is the core payment system in the United States. In Q1 of 2026, there were 403 million same-day ACH payments, which is 23.6% higher than in Q1 of 2025. The total value of those transactions is $1.1 trillion. At this scale, even a few unresolved transactions can create significant … Continued

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