What is an Echeck Account?Echecks are the most popular alternative payment method for US consumers. Millions of Americans regularly purchase goods & services with electronic checks rather than cards.An echeck account gives you the ability to accept checks online. Or accept check by phone,..
Multiple Electronic Check Processors is Smart BusinessMerchants that are classified as high risk need to consider having multiple electronic check processors in order to protect business operations. Having only a single electronic check processor is too risky in these days of changing banking..
Echecks are a proven effective way for lenders to collect payments from consumers in the subprime market. This article discusses the benefits of electronic check processing.What is the Subprime Market?Subprime lenders make loans to consumers who may have difficulty keeping up with repayments...
Check 21 is a fast, safe method of processing check payments. With Check 21, transactions are cleared using bank-to-bank image exchange rather than through the ACH network. Check 21 is an attractive alternative for high risk internet merchants to process electronic checks and avoid restrictive..
Payment Processing for LendersPayday loan companies use ACH and Check 21 echecks services to process payments. There are 2 types of accounts established for payday loan companies.First, ACH credits deposit the amount of the loan directly to the borrower’s bank account. ACH credit accounts..
Electronic Checks for Ecommerce MerchantsMerchants that accept checks online reduce operating expenses, improve cash flow and streamlines business operation. When an ecommerce merchant decides to accept checks online, the expectation is increase sales and enhanced profits. Payment..