The number of online shoppers who pay using a credit or debit card is declining. While alternative payments, such as electronic checks, are increasing. In 2008, 85% of internet shoppers paid for purchases with cards. But, by 2014, only 70% will pay with cards. Echecks give merchants a way..
Same Day Settlements Approved Yet Few Banks ParticipateFederal Reserve same day settlement for ACH transactions has been available for over a year. However, very few banks have chosen to participate, making it extremely difficult for merchants to take advantage of quicker clearing of ACH..
Get More Orders with Electronic Check ProcessingHigh risk merchants discover adding electronic checks as a payment option at checkout increase sales up to 29%. And saves 50% or more in payment processing costs compared to high risk credit card merchant accounts.Boost SalesElectronic checks give..
Electronic Checks Trusted by BuyersConsumer acceptance of electronic checks (echecks) as an online payment option continues to rise. Many online shoppers expect to be offered an echeck option. Electronic checks let buyers pay for purchases through a direct debit from a bank account. Funds are..
Echecks Boost Ecommerce Sales Internet sites are adding echecks at checkout as an alternative to card payments at unprecedented rates. In the first quarter of this year, ACH payments made online increased 12.6%, according to NACHA, the governing body for the ACH network.When you accept checks..
Echeck Processing for High Risk MerchantsEchecks help high risk merchants increase sales, reduce processing expense, and mitigate processing risk.Electronic checks are the most popular alternative payment method for millions of Americans. Get more sales from shoppers that don't have cards or are..