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Experience the Benefits of FedNow ® Instant Payments with Today Payments, Inc.

FedNow ® instant payments revolutionize how businesses and consumers send and receive money by providing real-time transactions, 24/7 availability, and enhanced security. Unlike traditional payment methods, FedNow eliminates processing delays, allowing businesses to access funds instantly and improve cash flow management. This seamless payment system supports greater financial flexibility, reducing the need for costly credit lines and enhancing operational efficiency. With its advanced fraud prevention features, FedNow ensures secure transactions, protecting both businesses and customers from potential threats. Additionally, the system offers a competitive edge by enabling businesses to provide faster payment solutions that enhance customer satisfaction. By adopting FedNow, businesses can streamline their financial operations and stay ahead in a rapidly evolving digital economy.

Cost-Effective FedNow Payment Processing with Today Payments

Today Payments is not a bank, but we can offer FedNow payment processing for all U.S. businesses at a lower cost compared to banks and other payment processors. Our FedNow service ensures instant, secure transactions, helping businesses improve cash flow without the high fees associated with traditional banking. Small businesses benefit from real-time payments by avoiding long settlement delays that often slow down revenue cycles. Consumers also experience faster and more reliable transactions, eliminating the frustration of waiting for bill payments or urgent transfers. As a government-backed system, FedNow ensures compliance with financial regulations while providing a secure alternative to third-party payment platforms. By choosing Today Payments for FedNow processing, businesses gain a cost-effective, efficient, and secure solution tailored to their needs.

Compare Costs: Today Payments vs. Banks & Other Processors

With Today Payments, businesses can save significantly compared to banks and other payment providers offering instant transactions. Traditional banks often impose high fees and reducing financial flexibility for small businesses. In contrast, Today Payments delivers real-time FedNow transactions at lower costs, enabling businesses to optimize their payment processing. Our streamlined service allows financial institutions to offer customers a superior payment experience while avoiding the overhead expenses of legacy systems. By leveraging Today Payments for FedNow processing, businesses can reduce transaction fees, improve efficiency, and enhance customer satisfaction. Implementing FedNow through our platform is the smarter choice for businesses seeking lower costs and faster payments in today’s competitive market.

Today Payments' FedNow
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Monthly Cost Calculator

Enter your Monthly Transactions, Sale Price per Transaction, Interchange / Discount % and Transaction Fee details below to calculate costs for each payment method:

Payment Type Input Your Number of Monthly Transactions Input Your Average Sale Price Per Transaction Input Your Current Bank: Interchange / Discount % Input Your Current Bank: Transaction Fee Today Payments: Interchange / Discount % Today Payments: Transaction Fee Your Current Bank Cost Today Payments Cost Monthly Savings
Credit Cards
ACH
FedNow
Real-Time Payments
Monthly Fee 19.95
Total Monthly Cost Savings Savings

Today Payments Credit Card/ACH Fees/FedNow/Real-Time Payments:

Credit Card fees summarized are as follows:

VISA / MasterCard/ Discover / American Express-

Interchange 2% plus 35 Basis Points = 2.35% + $0.10 per transaction for all transaction types - keyed / MOTO and eCommerce 
Authorizations $0.10 per transaction

 

ACH Fees summarized are as follows:

.75% + $.30  per debit transaction

$2.50 per return ( bounced / closed account )

$25.00  per unauthorized return  (Like a Chargeback / Unauthorized Return) 

FedNow Fees summarized are as follows:

.75% + $.30  per debit transaction

$2.50 per return ( bounced / closed account )

$25.00  per unauthorized return  (Like a Chargeback / Unauthorized Return / Reject) 

Real-Time Payments Fees summarized are as follows:

.75% + $.30  per debit transaction

$2.50 per return ( bounced / closed account )

$25.00  per unauthorized return  (Like a Chargeback / Unauthorized Return / Reject) 

Other Account Fees are as follows:

Credit Cards:
$ 26.95 - Monthly 

$ 12.95 - PCI fee 

$ 9.95 - Next Day Funding - (Optional for CC accounts / 2-3 business days is always free)

$ - 0 - Application Fee 

$ - 0 - Setup Fee  

$ 59.95 - Annual Fee for Cards 

ACH:
$ 10.95 - Monthly (Discounted ACH add-on with CC account)

(or $19.95  for an ACH only account)

$ 29.95 - Annual Fee for ACH 

FedNow:
$ 10.95 - Monthly (Discounted FedNow add-on with CC account)

(or $19.95  for a FedNow only account)

$ 29.95 - Annual Fee for FedNow 

Real-Time Payments:
$ 10.95 - Monthly (Discounted Real-Time Payments add-on with CC account)

(or $19.95  for a Real-Time Payments only account)

$ 29.95 - Annual Fee for Real-Time Payments 

* Disclosure: The figures and calculations presented on this page are intended as rough estimates only. Actual Credit Cards, ACH, FedNow and Real-Time Payments payment processing rates may vary based on individual business profiles, transaction volumes, and specific contractual terms. For a more accurate and comprehensive analysis of your unique payment processing needs, we encourage you to call Today Payments (866) 927-7180 to request a personalized report. Our experts will help you evaluate your transaction history, business model, and specific requirements to provide the most cost-effective and up-to-date payment processing solution.
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