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Labret - you are basically correct in the assumption that in order to participate in the ACH system (without using a 3rd party) you would need to have your bank sponsor or set up a program for you. After signing your life to the fact that you will play by the NACHA rules as they relate to accepting payment, getting consumer authorization, blah,blah . . you will generally need to post a reserve deposit. The amount you deposit then determines how much daily/weekly/monthly limit you are allowed to process through the system. Of course, just like a merchant account, the bank will be all over you if your declines (checks that attempt to process that had bad routing numbers/account numbers) and your returns (i.e. chargebacks) exceed "normal" parameters.
Let me know if you want more details.
R
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It is always the best policy to speak the truth--unless, of course, you are an exceptionally good liar.
Jerome K. Jerome
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