What’s better than 18-cent ACH transactions?

For many users of the innovative, ACH-based payments platform from Knox Payments, the answer is “free.”

Knox Payments announced it is now offering both free and premium options for users of its payments platform. Users will be able to make up to 50 transactions a month for free. After that, Professional and Enterprise subscriptions will be available for $40 a month for up to 1,000 transactions a month for Professional, and $100 a month for unlimited monthly transactions at the Enterprise level. All subscribers get real-time reporting; top-tier bank access; PCI/US Patriot/SSAE 16 compliance; and a new feature, the Knox Button, that provides easy integration with the platform.

Knox CEO and founder, Thomas Eide demonstrated Knox Assured and Knox Verified at FinovateSpring 2015.

Professional and Enterprise subscribers will also get recurring payments functionality and API access. Enterprise-level customers also will be able to add features like balance updating and next-day deposits as well, for additional monthly fees.

Knox also offers a “Good Funds” subscription of 0.5% per monthly transaction volume. The rest of the feature-set for Good Funds subscribers is identical to what is offered at the Enterprise level.

Knox has demonstrated its technologies at both Finovate and FinDEVr conferences. The company’s most recent Finovate appearance was a demonstration of its Knox Assured and Knox Verified solutions at FinovateSpring 2015 in San Jose. See the company’s FinDEVr San Francisco 2014 presentation here.

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