Why Echecks are Replacing Paper

Why Echecks are Replacing Paper

What is an Electronic Check

An eCheck or electronic check is an electronic version of a traditional paper based check.

An echeck account gives you the ability to automatically debit funds from your customers bank accounts.  Funds are then deposited into your business bank account.

Customers  provide their bank routing & account numbers.  Along with an authorization for you to debit their bank account for the money due. That’s all it takes.  

Echecks are the modern way to accept check payments. No trips to the bank. No paper to deal with.  

Great, But How do they Work?

You can accept checks online with a simple API integration to your website. You can take check by phone, fax and email orders through a virtual terminal.  

ACH echecks are remarkably effective for recurring payments.  Customers rarely change bank accounts. Payments continue uninterrupted month after month, with no need to update account information.  

Compare this with card payments.  Since one in five cards are reissued each year, you have to constantly update card data in order for recurring transactions to be approved.   Which is time-consuming, labor intensive, and costly.

Numerous Benefits of Electronic Checks

Echecks  save you time and lower your operating expenses.  And you eliminate the hassle of dealing with paper checks.  

You can easily and digitally send and receive payments without moving an inch. However, these aren’t the only advantages of eChecks.

Minimizing Processing Expenses up to 60% – Electronic check processing can save you 50-80% over the cost of credit card processing

Quick Funds – eChecks are processed electronically and clear much more quickly than paper items.

eChecks are Greener – No more dealing with paper. eChecks minimize carbon emissions by saving 67.4 million gallons of fuel and reduce greenhouse gasses and emission by more than 3.6 million tons.


Paper checks are quickly becoming extinct. Electronic checks are faster, safer, and more cost effective. And are rapidly becoming the payment option of choice for businesses that accept check payments.  

How are you processing your check payments?  

Contact info@paynetsecure.net today 


International Ecommerce Fast Road to Profits


Ecommerce merchants are seeing outstanding opportunities in the global market.  Expansion of targeted markets to include international buyers represents one of the greatest profit initiatives available today,

In spite of weaker economies and financial issues, the chance to get new sales from emerging and established countries is too powerful to ignore.  There is pent-up demand for US products and smart ecommerce merchants are answering the call by aggressively courting global buyers.

Online retailers of fashion have been one of the quickest to jump on the international bandwagon.  US apparel has tremendous appeal and cache world-wide.

TommyBahama has gotten strong reception with buyers in the UK and Australia as well as Scandinavia, Germany and Japan.  And reports that international online orders are 3 times the size of domestic ones.  Retailer JCrew has also expanded international sales to over 100 countries to great success.

International Markets with Greatest Immediate Opportunity

Europe, Australia, Brazil, and Canada represent low-hanging fruits for companies that want to expand internationally.  Europe is the second largest ecommerce market.  Brazil’s prosperity and growing middle-class makes it one of the fastest expanding and largest emerging markets in the world.

Obtaining reliable payment options is a crucial part of squeezing as much profit as possible out of international orders.  In many countries, credit card penetration is low.  Cards are not the first choice of payment when purchasing online.

In Europe, Australia, Canada and Brazil, bank transfers are a popular and accepted method of paying for online purchases.  Bank transfers represent one of the safest and most reliable payments for merchants.

How Bank Transfers Work

A bank transfer is a “push payment”.

At point of checkout, the buyer choses to pay with a bank transfer and selects the bank from a drop down menu.  The buyer is sent to the online bank site where the buyer logs in to his or her account.

The prepopulated form from the merchant is automatically displayed.  The buyer choses which account to make a payment from.  The merchant is informed that the payment has been made.  The buyer receives a receipt by email.

The buyer is then redirected back to the merchant’s site.


The biggest benefit to you from accepting bank transfers is that the payment is guaranteed.  There is no risk of chargebacks.  Once you are informed that payment has been made, the product or service can be fulfilled.

This makes the payment option hugely popular not only for standard risk but also for high risk merchants.  For example, travel, digital content, downloads, online entertainment, money transfer services, multi-level marketing (MLM), and merchants selling pre-paid cards find the payment option extraordinarily effective.

Are you interested in increasing sales from international buyers?  

Contact info@nationalach.com today.


High Risk Processing with No Chargebacks


Bank transfers are an alternative payment that provides guaranteed funds to high risk merchants, without any risk of chargebacks.

Merchants are classified as high risk merchants for card processing because of a greater than normal likelihood of chargebacks.   Merchants in high risk categories find bank transfers are a powerful way to limit exposure to chargebacks while giving customers an easy, convenient, and popular way to make purchases online.

Customers are increasingly comfortable using bank transfers as a payment option.  This is due in large part to the dramatic increase in online bill pay and online banking services.

Bank transfers are considered “push payments” because customers push payments to merchants through their online bank systems.  Bank transfers are a popular means of payments throughout Europe, Brazil and other parts of the world.

How Bank Transfers Work

At checkout, customers click on the bank transfers button.  The list of banks displayed.  The customer clicks on the appropriate bank and is automatically redirected to the online banking site.

The customer logs in, completes the transaction and is automatically redirected back to the merchant’s website.  The merchant receives confirmation that the payment has been received and can fulfill the order.  The customer receives a receipt for the purchase.

Now, ecommerce merchants have a way to take advantage of the customer trend to pay with bank transfers online.

Bank Transfers Eliminate Fraud

Consumers  and  businesses  today  are  concerned  about  the  growing  potential  for  fraud  when making purchases online.  A surprising number of consumers have had the misfortune of having security breached due to no fault of their own.

Bank transfers eliminate the potential for fraudulent transactions for both consumers and merchants.  Since payments are pushed to the merchant, the merchant never has access to any personal information on the consumer.  And consumers are protected by their online banks security when making a payment online.

All of this is done seamlessly through your website.  The payment option is as simple to use as a card or echeck.  Yet it is more secure.

Fraudulent transactions are nonexistent, eliminating chargeback concerns.  Funds are settled quickly.

Best High Risk Merchants for Bank Transfers

The best candidates to add bank transfers as a payment option are merchants with targeted international customers that are selling high ticket items.

One of the hottest industries for bank transfers is for airlines and the travel industry.  Bank transfers enable airline and travel merchants to accept payments from international customers that are similar to safe as a cash transaction.

Online entertainment, software downloads, direct sales organizations, prepaid cards, and money remitters are also excellent candidates for bank transfers.

For more information on how your business can benefit contact info@nationalach.com today


International Payments with No Chargebacks


Global ecommerce sales will top $1.25 trillion by 2013, according to InternetRetailer.

As commerce merchants expand market reach globally, how can payments be guaranteed and the risk of fraud eliminated?  International bank transfers are the answer.

Throughout the world, bank transfers are the preferred method of paying for online purchases.  With a bank transfer, funds are sent directly to merchants from the buyers’ bank account.  Bank transfers are similar to a cash transaction.  Transactions cannot be charged back by buyers.  Funds are guaranteed to merchants.

 How Do Bank Transfers for International Payment Work?

It’s easy for customers to buy with an international bank transfer.

  • At checkout, the buyer clicks on the “pay by bank transfer” payment button.
  • A list of banks located in the buyer’s country is displayed
  • The buyer clicks on the right bank.  The buyer is immediately directed to the bank’s online banking site.
  • The buyer logs in and authorizes the transaction.
  • The merchant is notified that the transaction is complete.  The buyer receives an email confirmation.
  • The merchant can immediately ship the product or the digital download.
  • Funds are guaranteed to merchants.

Why are International Payments with Bank Transfers Guaranteed?

Bank transfers are considered a “push payment”.  Consumers log into their online banking site and push the payment to the merchant.

Because the buyer is vetted by the bank, much like an online bill payment, the transaction is guaranteed.  The buyer cannot assert that the transaction was not authorized since the buyer could have only made the payment through the online bank system.

Compare this with credit card transaction or echecks.  With these payment options, the money is “pulled” from a consumers’ account by the merchant.  The consumer can claim the payment was not authorized, resulting in chargebacks for the merchant.

How High Risk Merchants Benefit from Bank Transfers

Merchants in high risk processing categories are at a greater risk for chargebacks than standard risk merchants.  Travel, digital content, online entertainment, direct marketing, games, downloads and many other industries are considered high risk.

As high risk merchants expand markets globally, the risk of chargebacks increases even more.  International transactions through credit cards are expensive.  Cybercriminals world-wide know how to manipulate the system and can create chargeback nightmares for merchants.

Many US processor will only allow a certain percentage of total transactions to be international, limiting the number of orders that can be accepted from global buyers.  In addition, some countries will only allow credit cards issued by domestic banks to be used for purchases within that country.


You need to have alternative payments such as international bank transfers in place, in order to truly reap the benefits of global ecommerce.

International ban transfers are used by millions of shoppers world-wide to purchase goods & services online. If you don’t offer international bank transfers as a payment option at checkout, you risk losing sales to your competitors that do.  

Do you want to get more sales from international buyers?

Contact info@NationalACH.com today