What are eChecks and How Do Businesses Accept Them?
Jun 20, 2015 by Scott Campbell
An electronic check has many names - eCheck, direct debit, direct deposit, and online check are just a few. And while credit cards have been the default payment method for businesses for over a decade, this new alternative is making headway. Essentially a form of ACH processing, eCheck Processing enable your customers to pay you directly from their bank account, using their secure online banking login. Your customer can authorize a one-time or recurring payment as quickly as a credit card transaction. But that's not all. A customer or merchant can even take picture of their paper check and upload it to their payments portal, and the bank will initiate an ACH transaction after "reading" the check. But in most cases, you don't even need the flimsy, outdated piece of paper. Electronic checks are by and large used completely online.
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