No-Fees FedNow® for Instant Real-Time Payments with Zero Processing Surcharge Fees
Zero Processing Fees – Payer Covers All Costs
The Future of Payments – No-Fee FedNow® vs.
PCI Cards & State Regulations
In today’s rapidly evolving financial
landscape, businesses are searching for faster, more affordable,
and regulatory-compliant payment solutions. FedNow® provides
instant real-time payments with zero processing surcharges,
making it a game-changer for businesses looking to eliminate costly
PCI-regulated credit card fees.
With Request for Payment (RfP) digital invoicing, businesses can send invoices and receive payments instantly, without hidden fees, chargebacks, or compliance issues. The payer covers the processing costs, allowing merchants to receive 100% of their invoice payments without deductions.
By leveraging No-Fee FedNow®, businesses can finally break free from PCI credit card surcharges, state-imposed transaction regulations, and processing fees—empowering them to maximize profits while ensuring fast, secure, and seamless transactions.
How No-Fee FedNow® Enhances Business Operations
No-Fees FedNow® for Instant Real-Time Payments vs. PCI Cards & State Regulations
Why Businesses Are Switching to No-Fee FedNow® Instead of PCI-Regulated Cards
Traditional payment methods like credit cards, RTP, and Same-Day ACH come with costly processing fees and regulatory hurdles. FedNow® eliminates these challenges by offering a zero-fee, instant payment alternative. Here’s why businesses are making the switch:
- Credit card transactions cost businesses 2.5% - 3.5% per transaction in merchant processing fees.
- PCI compliance adds additional costs and administrative burden.
- State regulations limit how much businesses can charge in surcharges on card transactions.
- Same-Day ACH transactions still take time to process, while FedNow® settles instantly.
- Request for Payment (RfP) invoicing enables real-time invoicing and payments—eliminating manual follow-ups.
Key Benefits of No-Fee FedNow® vs. PCI-Regulated Cards & Other Payment Methods
✅ Zero Processing Fees – Payer Covers All Costs
- Merchants receive 100% of their invoice payments—no deductions.
- Eliminates credit card processing fees, saving businesses thousands per year.
- No compliance issues with state regulations on credit card surcharges.
✅ Instant Real-Time Payments – No Settlement Delays
- FedNow® transactions process instantly, providing immediate cash flow access.
- Same-Day ACH and credit card transactions take hours or days to settle.
- No more waiting for bank approvals, chargebacks, or processing delays.
✅ Request for Payment (RfP) Digital Invoicing for B2B Transactions
- Businesses can send instant invoices via RfP and get paid immediately.
- Eliminates the need for paper invoices, manual tracking, and delayed payments.
- Automated reconciliation with QuickBooks®, Xero, and other accounting platforms.
✅ No PCI Compliance Costs or Data Security Risks
- PCI DSS compliance is required for businesses handling credit card transactions.
- FedNow® eliminates these security risks since transactions are direct bank-to-bank transfers.
- Reduces business exposure to fraud, chargebacks, and cyberattacks.
✅ Avoid State Regulations on Payment Surcharges
- Many states restrict how much businesses can charge in credit card surcharges.
- With FedNow®, there are no surcharges, as payers cover the transaction fees.
- Legal and compliant for all businesses across different states.
✅ 24/7/365 Payment Availability – No Banking Hour Restrictions
- Unlike ACH and wire transfers, which depend on bank processing hours, FedNow® operates 24/7.
- Accept payments anytime, anywhere, including weekends and holidays.
✅ Enhanced Security & Fraud Protection
- End-to-end encryption and authentication prevent fraud and unauthorized payments.
- Unlike credit card transactions, FedNow® payments cannot be reversed, eliminating chargebacks.
- ISO 20022 messaging standard ensures transaction transparency and compliance.
How No-Fee FedNow® Enhances Business Operations
🎯 Faster Business-to-Business (B2B) Payments
- Instantly pay vendors, suppliers, and service providers without delays.
- No ACH wait times, wire fees, or credit card processing holds.
🛍️ Ideal for E-Commerce & Retailers
- Accept instant, fee-free payments, increasing profit margins.
- Faster order fulfillment and transaction processing due to real-time fund settlement.
📈 Perfect for Subscription & Recurring Billing
- Automate recurring payments through Request for Payment (RfP) invoicing.
- Reduce failed transactions and disputes from credit card chargebacks.
🏦 Optimized Payroll & Contractor Payments
- Pay employees, freelancers, and contractors instantly via FedNow®.
- Reduce payroll costs and eliminate direct deposit fees.
Upgrade to No-Fee FedNow® with TodayPayments.com
Are you ready to eliminate credit card fees, bypass PCI compliance costs, and enjoy real-time payments? No-Fee FedNow® provides:
🚀 Zero transaction
fees – the payer covers costs
🚀
Instant payments with real-time settlements
🚀
Automated invoicing with Request for Payment (RfP)
🚀 No PCI compliance headaches or credit
card surcharge issues
Switch to FedNow® today! Get started with TodayPayments.com and start accepting free instant payments now.
Creation Request for Payment Bank File
Enhance Your No Fee FedNow Payment Requests with FedNow’s ISO 20022 Messaging
Streamline Payments with Advanced Request for Payment Options:
Harness the power of FedNow's Request for Payment system to transform how you manage invoices and remittances. Our platform supports diverse data integration options, allowing payees to incorporate detailed invoice data directly within the RfP message or link to a comprehensive Merchant Page.
Flexible Invoice Details with ISO 20022 Messaging:
Leverage the flexibility of ISO 20022 messaging standards in our RfP system. You can choose to display crucial payment details directly in the message with a concise 140-character description, or through a dynamic "Hyper-Link" leading to a detailed Merchant Page. This Merchant Page can be hosted either on your website or TodayPayments.com/HostedPaymentPage.html through our seamless integration solution.
Customizable Merchant Pages for Enhanced Customer Experience:
Create a Merchant Page that not only details all the MIDs you own but also presents these options attractively to your customers through the RfP. This customization ensures that whether your payer opts for Real-Time Payment, Same-Day ACH, or Card transactions, they can easily navigate and complete their payments through a simple click on the hyperlink provided on your Merchant Page.
Call us today and receive the .csv or .xml FedNow® or Request for Payment (RfP) file you need—all during your very first phone call! We guarantee that our comprehensive reports integrate flawlessly with your bank or credit union. As pioneers in recognizing the benefits of RequestForPayment.com, we have stayed years ahead of our competitors. Although we are not a bank, our role as an "Accounting System" within the Open Banking ecosystem enables us to work with billers to create effective RfP files that seamlessly upload to the biller's online banking platform. U.S. companies rely on our expertise to learn how to deliver the RfP message directly to their bank with precision.
Our advanced solution, Today Payments' ISO 20022 Payment Initiation (PAIN.013), demonstrates how to create a Real-Time Payments Request for Payment file that sends a clear message from the creditor (payee) to its bank. Most financial institutions support the import of messaging and batch files for both FedNow® and Real-Time Payments (RtP), ensuring smooth processing. Once the file is correctly uploaded, the creditor’s bank processes the payment through a secure "Payment Hub"—with The Clearing House serving as the RtP Hub—and relays the message to the debtor's (payer's) bank. This streamlined approach not only accelerates transaction processing but also enhances transparency and reliability for all parties involved.
... easily create Instant Payments RfP files. No risk. Test with your bank and delete "test" files before APPROVAL on your Bank's Online Payments Platform. Today Payments is a leader in the evolution of immediate payments. We were years ahead of competitors recognizing the benefits of
Same-Day ACH and Real-Time Payments funding. Our business clients receive faster availability of funds on deposited items and instant notification of items presented for deposit all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology.
Contact Us for No Fee FedNow payment processing pricing
