E-Check – A New-fangled Tool for Online Payments
E-check processing is the new trend gained
popularity among the high risk merchants to accept payments online against
selling their products and services with better processing and secured
transaction.
E-Check is a digital version of physical check that allows faster, easier and more secured online transactions than other popular ways of payments. E-check can be used for any type of transaction and regulated by same rules and regulations governed by bank for paper check.
How E-Check Works?
The processing of E-Check is similar to paper check but due to online handling E-Check processing is faster than paper check. Customer use E-Check processing for Tech support don’t need to manually fill the check as an alternative they just need to go website of merchant and pay online by filling the necessary details like full name, account number, and routine number etc. After submitting all this information customer has to click on submit and it will take usually 2 or 3 days to approve the E-check account and process money from one account to another account.
Why E-Check is better for Quick Payment Processing?
Immediately after submitting E-Check the process of transaction is initiated, as once the payment is accomplished automatic processing starts further processing. Paper checks are manually written and required to run through an electronic scanner that probe customer’s banking information and the amount to be withdrawn from the bank account. And if this facility is not available, then you have to go your nearest bank branch and deposit the same at that place.
It is more secure than other modes
The promising factor of E-Check is that, it is integrated with various security features that are not applicable in paper checks or other modes of payments. It is authenticated by digital signature, duplicate detection and key inscription to authorize, verify each transaction and prevent them from fraud-risk at the time of processing.
High risk merchant’s trade with jeopardy of higher charge backs or money returns demanded by the customers, and a payment gateway for tech support business is responsible to initiate the process of returning payments of such customers. But E-check could be one of the best choices for them to reduce such risk and boost online payment transaction with better returns.
E-Check is a digital version of physical check that allows faster, easier and more secured online transactions than other popular ways of payments. E-check can be used for any type of transaction and regulated by same rules and regulations governed by bank for paper check.
How E-Check Works?
The processing of E-Check is similar to paper check but due to online handling E-Check processing is faster than paper check. Customer use E-Check processing for Tech support don’t need to manually fill the check as an alternative they just need to go website of merchant and pay online by filling the necessary details like full name, account number, and routine number etc. After submitting all this information customer has to click on submit and it will take usually 2 or 3 days to approve the E-check account and process money from one account to another account.
Why E-Check is better for Quick Payment Processing?
Immediately after submitting E-Check the process of transaction is initiated, as once the payment is accomplished automatic processing starts further processing. Paper checks are manually written and required to run through an electronic scanner that probe customer’s banking information and the amount to be withdrawn from the bank account. And if this facility is not available, then you have to go your nearest bank branch and deposit the same at that place.
It is more secure than other modes
The promising factor of E-Check is that, it is integrated with various security features that are not applicable in paper checks or other modes of payments. It is authenticated by digital signature, duplicate detection and key inscription to authorize, verify each transaction and prevent them from fraud-risk at the time of processing.
High risk merchant’s trade with jeopardy of higher charge backs or money returns demanded by the customers, and a payment gateway for tech support business is responsible to initiate the process of returning payments of such customers. But E-check could be one of the best choices for them to reduce such risk and boost online payment transaction with better returns.
Superb article. It's very informative and useful for merchants who are looking for eCheck payment gateway or want to know more about echeck.
ReplyDeleteIt's very informative and useful for merchants who are looking for e-Check Processing or want to know more about e-Check Processing. you can also check it out: https://bit.ly/2PPMGQX
ReplyDelete