How To Use Echeck?

Using echeck as a reliable mode of payment processing is extremely simple. It is not required the customer to share the credit card information or the CVV number. The customer visits the merchant's website and makes the selection depending upon his own choice. After selecting all the products in the shopping cart, the customer submits the information that includes the account number and routing number.

This is the common information that is available on the paper check of the merchant’s bank account. This information is further forwarded to echeck processing company or ACH payment processing companies. All the information is validated to ensure that the checks are clear swiftly and within the time frame. In case, in the system does not recognize the account number of routing number or in case if the system recognizes the account doesn't have sufficient funds then the transaction is declined is set to pending.

The merchant can contact the customer once again and try to arrange a different echeck transaction. Echeck transactions are considered to be safer because it cannot be initiated by a third party company located outside the United States without a local processor. here local means US-based processor. Third party companies that offer the services to the non-US merchant or non-US resident take additional care of ensuring that the transaction is validated. They called the customers and verify the satisfaction of the customer. They also ensure A DocuSign agreement that confirms the authorization of the customer to deduct the specific amount for that specific transaction.

Merchants struggling with extremely high chargeback & return ratio should also utilize the solution. Merchants who are already processing credit and debit card payment can also utilize echeck to reduce the risk of future chargeback.