Venture Capital Perspectives Update

Subscription businesses live and die by predictable cash flow. That predictability hinges on how customers pay and how reliably those payments settle. While cards are ubiquitous, ACH payments have become a powerful lever for improving unit economics, reducing involuntary churn, and tightening cash management. Yet ACH brings its own operational realities—returns, disputes, and timing nuances—that influence liquidity planning, deposit strategy, and treasury operations. This a