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E-check payment processing or e-check is an electronic check which is used to perform money transaction from customer’s bank account to merchant’s account during online shopping. With the help of an electronic check, payment can be made at the point of sale by sitting anywhere through any device without visiting to the shopping place. With an electronic check, merchant should receive payment within 3 to 6 days of working.
Benefits of e-check payment processing for a company who offers their customers e-check as a payment solution ď‚— Less expensive: After initial set up cost, e-check
processing cost is much less than the paper cheque processing cost. ď‚— Instant processing: Comparison to paper cheque, e-check needs instant processing whereas paper cheque can be delayed for a time, weeks or months.
Benefits of e-check payment processing for a company who offers their customers e-check as a payment solution Less number of chances of errors: As details are filled into
an online payment gateway which is helpful to limit the errors because there is program to check the details whether they are filled correctly or not. Secure: As payment is made directly from customer’s bank account to merchant’s account, as it is much secure method for transaction.
Benefits of e-check payment processing for a company who offers their customers e-check as a payment solution Encryption of customer bank details: As bank details which are
filled, encrypted first, results into less chances of fraud. Simple processing: E-check as a payment solution is easy to understand and easy to use. Instant approval and acknowledgement: Customers get instant approval and acknowledgement of transaction. Easily accessible: Payments can be made anytime from
anywhere.