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| eCheck - Your All Inclusive Echeck Guide |
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| eCheck is a unique, totally integrated electronic check payment system that is brought to us by Authorize.Net.. |
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| eCheck is a unique, totally integrated electronic check payment system that is brought to us by Authorize.Net. eCheck.Net allows merchants to accept payments from clients accounts directly via their website or via the Authorize.Net Virtual Terminal. |
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| Why Should You Accept Echeck Electronic Checks? |
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When you accept electronic checks, you are expanding the payment options that you offer to new and returning customers, therefore enhancing client loyalty and very possibly increasing sales.
eCheck has lower rates than Paypal or credit cards and is more efficient. eCheck does everything on the Internet, and therefore eliminates the inconvenience and cost of manually processing conventional paper checks and also waiting for checks to arrive in the mail. eCheck is also a fully integrated solution that requires no third-party integration. Implementing the eCheck.Net system is very simple; especially for merchants that already uses the Authorize.Net Payment Gateway.
The integrated reporting option provides a total view of all credit card and eCheck.Net transactions. You can therefore easily reconcile payment and billing activity by viewing the online statements and reports. It allows for faster up-front transaction validation that leads to faster transaction completion. Authorize.Net is very concerned with safety and uses the most up to date 128-bit Secure Socket Layer (SSL) technology to ensure IP - Internet Protocol - transactions.
Authorize.Net provides you with top of the line tools and services to assist you to drive
your business forward and help increase revenues. Authorize.Net provides eCheck, a unique electronic check payment system, as well as many various credit card payment processing options. Offering your merchants more electronic payment options can help build customer loyalty and lead to a potentially increase in revenue. |
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| What is eCheck.Net? |
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eCheck.Net is a payment option that allows sellers to accept electronic check payments for merchandise and services purchased via several methods, including telephone/mail order and e-commerce Web sites. It also allows merchants to collect paper checks and convert them into electronic checks.
An electronic check works in a much similar fashion than a regular check, only instead of utilizing a conventional paper check to give their bank account, payment authorization and routing number, the client gives the seller the needed payment info via other ways, allowing the seller to process the info in an electronic fashion. The eCheck method uses the ACH (Automated Clearing House Network) to process cash transfers from client bank accounts to seller bank accounts. The Automated Clearing House Network is a group of financial organizations within the banking community that work together to assist the clearing and processing of electronic check payments. ECheck financial transactions are closely governed by ACH processing regulations that were established by NACHA - the National Automated Clearing House Association, together with Regulation E and the Electronic Funds Transfer Act, as stipulated by the Federal Reserve Board.
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