Do Buyers Really Use Electronic Checks?Merchants are sometimes skeptical when told that echecks or electronic checks can boost sales up to 29%. After all, the merchants say, doesn't everybody have a debit card? Why would anybody chose to use an electronic check instead?Limitations of Debit..
Merchants selling on the internet that are not accepting electronic checks are losing business. Offering electronic checks as payments can increase sales up to 29%. The boost in sales comes from payments for orders that otherwise would have been lost. Depending on the ACH electronic check..
ACH Payments with EchecksThe newest applications in the ACH payments network are referred to as electronic checks, or echecks. An echeck is a debit payment instrument that is widely accepted and used by businesses, governments, and consumers as payment for virtually any form of commerce. Echecks..
According to a recent study by research advisory firm Aberdeen Group , companies that rely on paper checks spend more than $11 on average per payment. Companies that rely on electronic payments such as echecks spend 38% less per payment. Clearly, electronic checks (echecks) save companies..
More Payment Options Equal More SalesThe more payment options an you offer at checkout, the more sales you make. Echecks are the most popular alternative payment method for US shoppers. Millions of shoppers regularly purchase goods and services online with electronic checks. Cards and..
Cards are Not Enough. Accept Checks Online.If you are selling on the internet & are accepting electronic checks , you are losing business. Alternative payments such as echecks. give shoppers another way to buy from you. Card declined? Offer echecks to rescue the sale. When you accept..