Payment Methods Overview

Cards

Momentus Payments can accept cards from any of the networks below. Transactions from all card types are paid to the associated bank account in a single Payout transaction, less merchant fees.

• American Express
• Discover & Diners Club
• Mastercard
• Visa

ACH/Electronic Checks

Momentus Payments will accept ACH (Automated Clearing House) payments, sometimes referred to as electronic check or e-check payments. Funds are automatically withdrawn from the payer's bank account and deposited into the associated bank account.

ACH only supports payments in USD. A customer paying an invoice in any other currency will not see ACH as a payment option even if it is enabled in the merchant portal settings.

ACH is most commonly used for large value transactions where a credit card limit is likely to be insufficient or when businesses are seeking a payment method with lower processing cost than credit cards.

Unlike card payments, ACH payments are not processed in real-time. Instead, banks process ACH transactions in batches each day. Consequently, it takes longer to receive funds from ACH transactions than from card payments. Transactions submitted before the daily cut-off time (24:00 UTC / 7pm EST) will be processed that day. Transactions submitted after the cut-off time will be processed on the next business day.

The steps below describe the timeline of an ACH transaction from the time the customer clicks Pay, to when the funds are received in the bank account.

1. Customer provides their banking details and submits the payment.
2. Momentus immediately creates a payment record with status Pending.
3. Within 4 business days, the payment status will be updated to either Succeeded or Failed. An email notification will be sent for any failed ACH payment. Reasons for a failure include insufficient funds or the customer has blocked debits to the account.
   • If the payment is successful, the funds are paid to the bank account on the fourth business day after the payment was submitted.
   • If the payment fails, the payment will be automatically reversed in the back office after a settlement status is changed to Failed or Returned.

Note: At this time, ACH payments cannot exceed $250,000 per transaction. Contact Momentus if you need to accept payments for larger amounts.