High Risk E-Check is an electronic form of the paper check. It has the same value as the original check. E-check software can convert your regular checks into an electronic form also known as substitute checks. It is mandatory for a merchant to have a written or documented approval from the payer before processing E-check. Any echeck must go through the ACH network for the clearance. Type Of Echeck Solutions. High Risk And Low Risk. Getting E-check services through an application process is straightforward. All you need to submit a detailed merchant account application. Both low and high-risk Merchants can qualify fore-check with a virtual terminal. The echeck processor will check the business model and review KYC documents submitted by the merchant. How To Choose The Right Echeck Processor That Has High Risk Appetite. Once you type high-risk credit echeck processing on Google, you will find thousands of websites. Most of these websites that you see on the internet are of affiliates and resellers. The question that arises here is what do these affiliates and resellers do? They help the PSPs and acquirers in finding leads. These affiliates also assist merchants in finding the right solution provider. Further, Merchants can collect account information from the customer over the phone. There are various high-risk e-check availing industries in which customers can make payments by using pay by email facility. Moreover, businesses can also send an invoice to the customer. In that invoice, email merchants can place the link of the payment form page. So, in the comfort of their home customers can make a high-risk e-check payment. The customers are also allowed to make the payments face to face. However, to be able to accept payments in all these ways a merchant must have a high-risk payment gateway.
Woocomerce Compatible Elevated Risk Echeck Solution Our processing partners offer free woocomerce echeck plugins for Wordpress. This adds in the essential product management, order processing, and shopping cart functionally. In the current scenario, many businesses need high-risk e-check services. High-risk processing solutions are required when regular processors do not accept them. Not only this, but rather high-risk e-check services also work great as a high risk payment gateway for woocomerce sites.