Third Party Processors Facing More ScrutinyHigh risk merchants are finding it more challenging to obtain ACH and Check 21 accounts. Part of the reasons is explained in the FDIC Financial Institution Letter released on January 31, 2012.This article discusses the reasons third party e check..
Fewer Banks Accept High Risk MerchantsBank ratings continue to be downgraded in response to the economic conditions. In turn, the banks are taking a closer list at risk in merchant portfolios.The banks are trying to control potential losses. Whether or not the perceived potential losses are..
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..
Accept Checks Online & Watch Your Sales GrowGet orders from buyers that are maxed out on cards or don't have cards. And many shoppers simply prefer to pay you with an echeck rather than a card.Here’s 3 more ways that high risk merchants wring out more profits with electronic check..
Banks & ACH ProcessingCompanies often ask if ACH payment processing can be obtained through their own bank rather than with a ACH processor. The answer is “It depends on your business & your bank.”Some banks provide ACH payment services to larger accounts with lots of money in the..
No Card? Echecks Save the Sale More than 83% of consumers shop on line at once a week or more. Yet, surprisingly, only 70% of American shoppers have credit or debit cards.How do customers who do not have cards buy from your website? You'll lose the sale unless you provide an alternative to..