I currently process about $250,000 per monthand the credit card fees are outrageuos. I offer Wire Transfer service but it's an inconvenience for most. I have been trying to find an extension that I can use to accept direct bank payments, like what I use when I set up my auto bill pay for my cell phone, insurance, Sales tax, etc. I enter my banking info; routing and account numbers, and the funds are deducted automatically and everyone is happy.
How can I accomplish this through Magento so I can save a few thousand $$ a month?
Possibly, you will find our Invoice Payments Pro advantageus in your case. It ads a new payment method to Magento allowing your customers to pay offline by invoices.