Discover The Benefits of E-Check Payment Processing Solutions

Posted by WebPays on April 23rd, 2021

Reliable facts of an electronic checks payment processing

Electronic Checks payment is a simple and risk-free way to pay online and it is used with the perception of secure payment. This mode of payment encourages merchants for paperless payment. Thus, the value of an E-Check is similar to a paper check.

Electronic Checks payment secures online transactions and takes few seconds for clearance. Smart buyers prefer to pay for online shopping through Electronic Checks. They understand the risk of credit or debit card payments.

The merchants, who are dealing in products and services as follows:

• E-cigarette
• CBD (Cannabidiol)
• Fantasy Sports Forecasting
• Subscription or Recurring Billing
• Forex trading etc. 

The high-risk merchant gives preferences for Electronic Checks payments for reducing high chargebacks and credit card frauds. Therefore, we can explain to you with our vast experiences that banks rudely deny giving option for credit or debit card payment processing when it is considered extremely high-risk industries. In recent years, many high-risk merchant accounts have been seized or closed under the instructions of acquired banks, as these merchant accounts contained too many risk factors. 

You can choose a reliable merchant service provider like WebPays and start both high-risk or low-risk online businesses. We can provide you the essential solutions to get rid of such problems. Uncertain payment services are dominated in the market for high-risk industries but do not exist after some time. So that, a reliable payment option is acceptable for e-merchants. echecks payment gateway is an acceptable payment solution for e-commerce. 

Electronic Checks payment processing is a vital option for safe payment

A payment processing solution is extremely important from an e-commerce business point of view because it has no issue of online fraud as detected during credit card payments. Every high-risk e-commerce merchant can benefit from having an Electronic Checks solution in place of other payment options. Most of the merchants who are facing trouble finding a merchant account solution can contact our experts directly for payment solutions.

Benefits of E-check payments

 1. It is a completely automated process of digital payments and enables the merchant to minimize the chances of online payment errors. The processing cost for Electronic Checks is naturally lower than paper checks and credit cards. It is the most favorable option for e-merchant because they think it has no botheration of online safety and reaches in merchant account in stipulated time. Echeck payment processing option provides internet safety to the high-risk merchant.

 2. Generally, e-merchants are giving preference for Electronic Checks payment. It is an easy and secure payment option for online payment. Banks are providing transaction statements automatically via email. So that merchants can easily analyze online transactions. An electronic payment processing setup gives you the alert option for the protection of online payment. Thus, e-merchant get lots of benefits for Echeck payment processing. Any business can indeed reap the benefits of an Electronic Checks solution.

 3. It is quite a safe digital payment option for buyers and sellers. The value of Electronic Checks is similar to paper checks. Simply, it is used Automated Clearing House (ACH) to debit from customers account directly. The amount will deduct from the merchant account with the help of a payment processor. We are sure that merchants and clients use such payment options where they use paper checks. It is an online version of a paper check. Banks rely on this payment method and encourage the merchant to use these payment options.

 4. This payment method is more Secure for online buyers and sellers. Electronic Checks has multiple security features but the same features are not available for paper checks. Echeck security features include authentication by digital signature that authorizes banks to process the electronic payment in stipulated time. Signature of online purchasers verifies funds. It is impossible for tampering with the signature of the Electronic Checks issuer. The banks have the authority to detect duplicate checks and prevent online fraud.

 5. These are the significant benefits of e-payment. This payment processing is promoting greenery and encouraging the merchant for saying NO to physical paperwork. Reduces the use of paper and minimizes business expenses. Encourage a paperless transaction process by setting an example for e-shop owners. It is a reliable payment method for the ACH network for managing direct deposits into a business account.

WebPays offer you an echeck payment processing potion for your high-risk business. It encourages faster funding and money transfer with an extensive assortment of paperless payments. ACH supports e-check payment and enables merchants for revolving entire payment issues with the solution. This payment mode is popular like paper checks but it is cost-efficient. It is more secure than other payment options merchants are using. As a merchant service provider, we are recommending this method for online transactions. Your payment safety is our priority. This method can use for adult business, travel, fantasy sports, and pharmacy. It is also suitable for E-Cigarette and online gaming. Visit WebPays for more details. It is informative content for the readers.