How are Echecks Processed?
It’s important to understand what you are getting before signing up for an echeck account with a processor.
There are 2 ways echecks are processed:
- Echecks clear through the processor’s account. Option of choice for high risk merchants. Or companies that need greater flexibility for returns & revoked transactions. Clearing transactions through a processor protects your business bank operating account.
- Echecks clear through your business bank account. Returns and revokes can affect a business operating account. Recommended only for low risk merchants with few returned or revoked transactions.