FedNow® vs. RTP®: High-Risk Payment Pricing Solutions Comparison

Compare Pricing: Evaluate FedNow® with Today Payments Calculator for High-Risk Sectors

FedNow® Instant Payments for B2B Transactions

Real-Time Payments FedNow®: Compare Pricing with Our FedNow® Calculator

Real-Time Payments with FedNow® is a real-time payment system developed by the Federal Reserve, allowing businesses, financial institutions, and individuals to send and receive instant payments 24/7/365. Unlike ACH transfers, wire payments, and credit card transactions, which can take hours or days to settle, FedNow® transactions process within seconds, even on weekends and holidays.

To help businesses make cost-effective payment decisions, our FedNow® Calculator allows you to compare FedNow® pricing with your bank or payment processor across all payment schemes, including ACH, wire transfers, and credit card transactions.

Compare FedNow® Pricing vs. Banks & Payment Processors

Feature	FedNow® Real-Time Payments	ACH Transfers	Wire Transfers	Credit Card Payments
Speed	Instant (seconds)	1–3 business days	Same-day (cutoff restrictions)	1–3 business days
Availability	24/7/365	Business hours only	Business hours only	Business hours only
Transaction Fees	Lower than wires & credit cards	Low, but slower	High (up to $50 per transfer)	2.5%–3.5% per transaction
Settlement Finality	Immediate & irreversible	Can be reversed	Final	Can be disputed
Chargebacks	No chargebacks	Possible reversals	None	High chargeback risk
Best For	B2B, payroll, supplier payments, online transactions	Recurring batch payments	Large, one-time international transactions	Consumer transactions

FedNow® Pricing vs. ACH, Wire Transfers, and Credit Cards

✅ FedNow® Pricing

• Federal Reserve Charges:
  • Transaction Fee: 1% + $0.10 per transaction
  • Request for Payment (RfP) Fee: $0.25 per message
  • Participation Fee: ~$25 per routing number (monthly for financial institutions)
• Total Cost Per Transaction: Typically 1% - 1.5%, $0.10 – $0.35 per transfer, depending on transaction volume

✅ ACH Pricing (Varies by Bank & Processor)

• Standard ACH Transfer Fee: $0.25–$1.50 per transaction
• Same-Day ACH Fee: Up to $1.50 per transaction
• Processing Time: 1–3 business days

✅ Wire Transfer Pricing

• Domestic Wire Fee: $15–$50 per transfer
• International Wire Fee: $30–$75 per transfer
• Processing Time: Same-day (subject to cutoff times)

✅ Credit Card Processing Fees

• Transaction Fee: 2.5%–3.5% + $0.10–$0.30 per transaction
• Chargeback Fees: $15–$25 per disputed transaction
• Processing Time: 1–3 business days before funds clear

Why Use Our FedNow® Pricing Calculator?

Our FedNow® Pricing Calculator allows businesses to:

✅ Compare transaction fees between FedNow®, ACH, wire transfers, and credit card processing.
✅ Estimate total cost savings when switching to FedNow® for business payments.
✅ Determine how FedNow® can improve cash flow with instant settlements.
✅ Find the best payment method for payroll, vendor payments, and B2B transactions.

→ Use Our FedNow® Pricing Calculator Now to See Your Savings!

How FedNow® Saves Businesses Money on Payments

1️⃣ Lower Fees vs. Wire Transfers & Credit Cards

• FedNow® costs just $0.045 per transaction, while wire transfers cost up to $50 per transfer.
• Avoid credit card fees (2.5%–3.5% per transaction), making FedNow® ideal for B2B and high-volume transactions.

2️⃣ Faster & More Reliable Than ACH Transfers

• ACH takes 1–3 business days, while FedNow® payments settle instantly.
• FedNow® eliminates batch processing delays, ensuring funds are available immediately.

3️⃣ No Chargebacks, Unlike Credit Card Payments

• Credit card transactions are prone to fraud and chargebacks, leading to high financial risk.
• FedNow® transactions are final and irreversible, providing businesses with greater security.

4️⃣ 24/7/365 Availability, Unlike Wire & ACH

• Wire and ACH transactions are limited to banking hours, while FedNow® operates around the clock.
• No more waiting for weekends or holidays—payments settle anytime.

Who Benefits Most from FedNow® Real-Time Payments?

📌 B2B & Enterprise Payments – Avoid ACH and wire transfer delays for faster supplier payments.
📌 Payroll & Contractor Payments – Pay employees and freelancers instantly without bank cutoffs.
📌 E-commerce & Online Businesses – Accept real-time payments without high credit card fees.
📌 Intercompany Transfers – Move funds between business accounts instantly with low transaction fees.
📌 High-Value Transactions – Reduce wire transfer fees while ensuring instant settlement.

How to Use Our FedNow® Pricing Calculator

1️⃣ Enter Your Bank or Payment Processor Fees – Compare with FedNow® transaction costs.
2️⃣ Choose Your Payment Type (B2B, Payroll, E-commerce, etc.) – Get an accurate pricing breakdown.
3️⃣ View Instant Cost Savings – See how much your business can save using FedNow® Real-Time Payments.

🚀 Compare Costs Now with Our FedNow® Pricing Calculator!

How to Get Started with FedNow® Real-Time Payments

🔹 Check with Your Bank or Payment Processor – Some banks add additional fees on top of Federal Reserve’s base cost.
🔹 Compare with Your Payment Provider – Determine if FedNow® is a lower-cost alternative to ACH, wire, or credit card processing.
🔹 Set Up a FedNow®-Enabled Business Account – Work with your financial institution to enable real-time transactions.
🔹 Integrate FedNow® with ERP & Accounting Systems – Use QuickBooks®, NetSuite, SAP, or other tools to automate payments.
🔹 Train Your Finance Team – Educate employees on FedNow® for faster and cheaper transactions.

🚀 Optimize your payment processing today! Use our FedNow® Pricing Calculator to compare costs and start saving.

Creation Request for Payment Bank File

Enhance Your Real-Time Payments 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.