eChecks are commonly used to refer to any transfer between bank accounts and were originally developed in the 70’s on the Automated Clearing House (ACH) platform. A LOT has changed since then. Today we support 3 major eCheck platforms:
This platform still provides one of the lowest cost eCheck platforms that supports phone, online, retail, and recurring payments. These transactions typically can take up to 5 days to clear or settle deposits into your bank account.
This platform converts paper checks into digital images and processes the transactions electronically within 1 day.
This platform supports real-time account and funds verification and near instant transfer.
Each of these solutions provides various advantages in terms of cost, speed, and system integrations. Book a call with our in-house experts to determine which solutions are best for your situation.