Good Funds Gateway

Good Funds & Wire Solutions

Online integrated Origination, Sending, Receiving and Recordation of all Good Funds Transfers.

"All participants receive real-time electronic notifications. Use our online Payment Gateway interface or integrate your in-house system with our API"

Credit Card Processing

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ACH Processing

One-Time & Recurring
eMail Invoicing
All Processing Types
Same-Day Funding

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Check Processing

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Good Funds Payment Processing: FedNow® & RTP® Real-Time Payments

What are Good Funds?

Good Funds refer to immediately available, cleared funds that a recipient can access without delays, holds, or risk of reversal. Unlike pending transactions that require processing time, Good Funds ensure that once a payment is made, it is final, secure, and fully settled. This eliminates the risk of insufficient funds (NSF), chargebacks, or payment failures, making it an essential component for business-to-business (B2B) transactions, payroll, real estate settlements, and financial institutions. Traditionally, Good Funds were associated with wire transfers and cashier’s checks, but modern real-time payment systems like FedNow® and RTP® (Real-Time Payments) have revolutionized the process by enabling instant Good Funds transactions 24/7/365.

With the introduction of FedNow® (Federal Reserve) and RTP® (The Clearing House), businesses and consumers can now send and receive Good Funds payments instantly, bypassing traditional banking cutoffs and settlement delays. Unlike ACH transfers, which can take 1–3 business days, or credit card payments that involve interchange fees and chargeback risks, Good Funds transactions through real-time payment networks are irreversible, fraud-resistant, and cost-effective. This makes them ideal for high-value payments, vendor transactions, and industries requiring guaranteed fund availability. As businesses shift towards faster, more secure digital payment solutions, Good Funds processing with real-time payments is becoming the new standard for financial transactions.


Good Funds Payment Processing refers to instant, real-time payments where the recipient has immediate access to cleared funds without delays, reversals, or settlement risks. With FedNow® and RTP® (Real-Time Payments), businesses can send and receive Good Funds payments 24/7/365, eliminating waiting periods associated with ACH, wire transfers, and credit cards.

Both FedNow® (by the Federal Reserve) and RTP® (by The Clearing House) offer Good Funds processing, meaning once a transaction is completed, the funds are instantly available, secure, and final.


Benefits of Good Funds Payment Processing with FedNow® & RTP®

1. Instant Settlement & 24/7 Availability

  • Funds are immediately available to the recipient, eliminating delays.
  • Unlike ACH or wire transfers, payments process 24/7, including weekends & holidays.

2. Secure, Final Transactions (No Chargebacks or Reversals)

  • Good Funds transactions are final, preventing fraud and chargebacks.
  • No risk of insufficient funds (NSF) or delayed settlements like with ACH.

3. Lower Transaction Costs vs. Credit Cards & Wires

  • FedNow® and RTP® transactions cost significantly less than wire transfers.
  • Avoid high credit card fees (2.5%–3.5%) and interchange costs.

4. Improved Cash Flow & Liquidity

  • Immediate access to Good Funds improves working capital.
  • Businesses can instantly reinvest or pay suppliers without delay.

5. Best for High-Value & Recurring Transactions

  • Ideal for B2B, payroll, supplier payments, and high-risk industries.
  • No holds or processing delays—ensuring smooth business operations.

FedNow® vs. RTP® for Good Funds Payment Processing

Feature

FedNow® Real-Time Payments

RTP® (Real-Time Payments)

Operator

Federal Reserve

The Clearing House

Network Accessibility

Open to all U.S. banks & credit unions

Limited to TCH network banks

Transaction Limits

Up to $500K per transaction (bank-dependent)

Up to $1M per transaction

Settlement Finality

Immediate & irreversible

Immediate & irreversible

Best For

Small & mid-sized businesses, payroll, B2B

Larger banks, high-value B2B transactions

Which One Should You Choose?

Use FedNow® if you need real-time payments accessible at any U.S. financial institution.
Use RTP® if your bank is part of The Clearing House and you require higher transaction limits.
Use an interoperable payment processor if you want access to both networks.


Good Funds Payment Processing vs. Legacy Payment Methods

Feature

Good Funds (FedNow® & RTP®)

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 ($15–$50 per transfer)

2.5%–3.5% + fees

Settlement Finality

Immediate & irreversible

Can be reversed

Final

Can be disputed

Best For

B2B, payroll, supplier payments, online transactions

Recurring batch payments

Large, one-time international transactions

Consumer transactions


Who Should Use Good Funds Payment Processing?

📌 B2B & Enterprise Payments – Eliminate ACH and wire delays for faster supplier payments.
📌 Payroll & Contractor Payments – Pay employees and freelancers instantly, with no bank cut-offs.
📌 E-commerce & Online Businesses – Accept real-time payments without credit card fees.
📌 Intercompany Transfers – Move funds between business accounts instantly, with low transaction costs.
📌 Financial Institutions & Payment Processors – Expand real-time payment offerings to customers.


How to Get Started with Good Funds Payment Processing

🔹 Check with Your Bank or Payment Processor – Ensure your financial institution supports FedNow®, RTP®, or both.
🔹 Compare Pricing & Transaction Fees – Use a real-time payment calculator to see potential cost savings.
🔹 Set Up a Real-Time Payment-Enabled Business Account – Work with your bank to activate FedNow® or RTP® for instant transactions.
🔹 Integrate with ERP & Accounting Systems – Use QuickBooks®, NetSuite, SAP, or other financial tools for automation.
🔹 Train Your Team – Educate employees on how Good Funds Payment Processing improves transaction efficiency.

🚀 Upgrade your business payments with FedNow® & RTP® today! Contact us to enable real-time transactions and optimize financial operations.


Value through Innovation

Your Choice ~ Integrate your software system with us (e.g. Real Estate / eCommerce / Accounting / Billing / CRM / Invoicing or, send us your API and we'll integrate with YOU! Since inception, GFGMS has focused on providing maximum value to our customers by expanding the technological capabilities of core payment infrastructures. Through these developments, we have been able to help our clients reduce their operating costs, increase cash flow and maximize their resources. As the payment industry evolves, GFGMS is committed to providing leadership and solutions that leverage emerging technologies. Through these innovations, we fulfill our company’s primary objective: to provide our clients with the services and tools they need to succeed.


Good Funds Gateway Advantages

100% Secure Payment Processing
Form 1099 Generation
Online "Credit-Push" Payment Solutions for "Pay-0uts" (Accounts Payable)
Eliminate Paper Checks
Eliminate customer service calls
Payment Processing Method Selection
Eliminate waiting for checks to "clear"
Payment Reconciliation
Reduce Accounting Time and Expenses

Good Funds Gateway Merchant Services

hand shake...continues to meet the challenge of our clients by offering cost effective "good funds", Visa Direct, wires, credit card, ACH and e-check payment processing services into the electronic payment solutions banking system. Electronic banking includes the transfer of funds between companies (B2B) and/or (B2C) consumer accounts for collection and payments.


Good Funds Payment Processing

    Good Funds Core Features

    Core Features

    Our System works with all banks!

    Online integrated Origination, Sending, Receiving and Recordation of all Good Funds Transfers. All participants receive electronic notifications.

    Use our online Payment Gateway interface or integrate your in-house system with our API

    Good Funds Financial Institutions

    Financial Institutions

    Keep your current Banking Relationships!

    Good Funds Gateway's inter-bank digital payment transfer system works with all Banks and Credit Unions that are participants in the US Federal Reserve System.

    Secure Data with Good Funds Network

    What about Data?

    Secure Data with Good Funds Network

    Your data is serious business. Our white glove approach ensures your data is highly protected and available online real-time.

    Includes QuickBooks® and other accounting and escrow/title integrations.

    ACH Processing

    ACH & EFT Processing

    Payment Solutions with ACH Processing

    Whether your company is a Web address, street address or office, you're banking on sales of products and services to keep your business thriving. And that means you need bona fide payments, whether by automated clearing house (ACH), electronic funds transfer (EFT), e-Check or other means.

    • Automate
      Accounts Payable
    • Automate
      Accounts Receivable
    • Apply
      Payments through
      QuickBooks®
    • ACH Billing
      Accounts Payable
    Electronic Funds Transfer

    Electronic Funds Transfer

    Electronic Funds Transfer can be used by all merchants no matter what their size.

    EFT, Electronic Funds Transfer can be used by all merchants no matter what their size. EFT is a system of transferring money from one bank account directly to another without any paper money changing hands. One of the most widely-used EFT programs is Direct Deposit, in which payroll is deposited straight into an employee's bank account.

    Transactions are processed by our bank through the Automated Clearing House (ACH) network, the secure transfer system that connects all U.S. financial institutions.

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    Payment Solutions

    Perform many types of transactions with ease.

    We specialize in Good Funds & ACH processing for online retailers, but we offer a wide array of services as well.

    Perform the following types of transactions with ease:

    • Check Conversion Remote Deposit
      Capture - Check 21
    • Check-by-Phone
    • Recurring
      Debits & Credits
    • One-Time
      Debits & Credits
    • Batch File
      Uploads
    • High Risk
      ACH Processing
    • NACHA
      File Format Software
    • Online Checks
      from your Website

    echecks

    eChecks

    eChecks clear much faster than written checks.

    eChecks, also known as Electronic Checks or Web Checks allow you the capability to accepting check payments on your website over the telephone, both one-time & recurring.

    An e-Check is an electronic transfer of funds in which the money is taken from your customer's bank account, typically a checking account. The account's routing number and account number are used to draw funds from the account. e-Checks clear much faster than written checks.

    Payment Gateway

    Payment Gateway

    Online and Real-Time

    Our Online Payment Processing Gateway / Virtual Terminal allows you the capability of performing, Recurring and One-Time Payments, Checks-by-Phone, etc. Complete online real-time reporting.

Our Advantages

Lowest Rates
  Low Rates and Fast Funding
We offer the absolute Lowest Rates Rate Quote and faster funding than other providers
Our Promises to YOU
  Call us for more promises!
  • Bank-level encryption and security
  • Unlimited technical support
  • Unlimited transactions
  • Money-back guarantee
  • Automatic back-ups
  • Synchronization between all devices
  • Free and automatic software updates
  • No contract; cancel anytime
Integration
  Works with QuickBooks® Versions above 2007
Use your QuickBooks® Hosted Online and desktop versions: Pro, Premier, and Enterprise Editions as early as 2007. Not compatible with the online edition
Ease of Use
  Payment Option Variety
Make it easier for customers to do business with you by accepting a variety of payment options
Accept All Payment types
  Accept Credit Cards, ACH (eCheck) & Paper Check Transactions
Most providers only support credit card transactions. Expand your ability to collect payments
Simplify
  A Single System
Simplify your financial operations with a single system and single set of records for all payment processing, whether web order, phone order, cash sale or invoice payment
Cash Flow
  Shorten time to Payment
Improve cash flow and shorten time to payment with cost-effective credit card, business card and purchasing card acceptance
PCI Compliant
  Customer Vault
Use our powerful Customer Vault, with payment Tokenization, to store billing information in a PCI Compliant system and issue subsequent transactions against that billing information

Good Funds News

January 2017
- Zelle Business Payments Good Funds
February 2017
- The Clearing House "RTP" Real Time Payments
March 2017
- Business Real Time Payments
April 2017
- Businesses Will Switch Banks For Real-Time Payments
May 2017
- SWIFT: Cross-Border Payments
June 2017
- SWIFT: Instant Payments
- PSD - Payment Service Directive
September 2017
- Federal Reserve System - Strategies Improving US Payment System Part 2
October 2017
- ACH API (Application Program Interface)
January 2016
- Blue Chip Banks Opt for R3 Over SWIFT
February 2016
- Real Time Payment System in United States
March 2016
- Secure Exchange Launches Real-Time P2P Payments with Bank of America, U.S. Bank
May 2016
- Bluzelle Launches Real-Time P2P Payments
June 2016
- SWIFT SameDay Cross-Border ACH
July 2016
- FedPaymentsImprovements.org "Remittance Coalition" accepts Good Funds Gateway
August 2016
- MasterCard & VISA join SecureExchange
- FiServ joins SecureExchange
- Visa Direct Real-time Network
- Zelle P2P Funds Transfer Network
- US Department of the Treasury Good Funds Wires
- clearXchange Becomes Zelle
October 2016
- Zelle Business Payments
- Zelle Pay
November 2016
- Zelling
- Real-Time ACH Payments
February 2014
- Federal Reserve System - Availability of Funds and Collection of Checks: Proposed Rule
January 2015
- Federal Reserve System - Strategies Improving US Payment System Part 1
March 2015
- The Road to Faster Payments: A Banker's Guide
May 2015
- NACHA Membership Approves Same-Day ACH
- MasterCard launches "MasterCard Send"
- Federal Reserve Board requests public comment on enhancements to same-day ACH service
- Real-time Good Funds Network
June 2015
clearXchange Debuts Real-Time Payments
July 2015
- Consumer Financial Protection Bureau (CFPB) advocates for and supports Same Day ACH
- Faster Payments Strategy Leader
September 2015
- Fed Approves Enhancements to Same-Day ACH Service
- Federal Reserve Support of the NACHA Rule Ensures Same Day ACH Ubiquity
October 2015
- U.S. Banks Unite to Form Industry Leading Secure Real-Time Payments Network
November 2015
- Real-Time Deposit of Business Payment Transactions

2019 upcoming webinars

Stop Going to the Post Office to Mail Checks!

Funds Automatically Deposited in your Existing Bank Account.
Perform the following types of transactions with ease:

  • ~ using the Good Funds Gateway Payment Widget© send the receiver an Email message with your inter-bank link "...consumers and businesses indicated that they would rather share an e-mail address or a phone number to make/receive payments instead of sharing their bank account numbers." Page 29, Strategies Improving US Payment System
  • ~ send the receiver an ACH Credit (See SameDayACH.com for Same-Day Clearing of ACH Credits.

We offer a wide variety of payment processing solutions to fit any size business. By telling us (give us a call toll-free or send us an email) the type of payment service you’re looking for, you’ll help us guide you to the solution that best matches your business needs today as well as your future needs.

Good Funds Gateway Merchant Services

Feel free to contact us

Process with the Professionals

hand shake

Each day, thousands of businesses around the country are turning their transactions into profit with payment solutions like ours.

Good Funds Gateway Merchant Services® gives your company choices in the method of payment that you can accept from your customers.
We support ACH formats, including ARC (Accounts Receivable Check Conversion), BOC (Back Office Conversion), PPD, CCD, TEL, RCK, POP, WEB, Multiple Batch and Import options. See ACH format definitions. Our software is designed for simplicity and ease-of-use.

Compare our service and prices to our competitors and
Give Us A Call

(866) 927-7180


Enrolling in the GoodFundsGateway system takes only a few minutes. You can eliminate "paper" checks from your system and start sending electronic payments in just a few simple steps.

Stop Paying Bills by Paper Checks!