Check Processing Merchant Solutions
Receive money faster and more securely with integrated electronic check processing on your website, in your retail location, or from wherever you are. Combine the power of today’s security features of real-time authorizations with the convenience of processing checks through the post, email, or face to face. In addition to that, by choosing to accept echeck payments, you no longer have to be concerned about additional fees or pesky chargebacks like with credit card payments. They offer fewer restrictions and more options for business owners that are looking to accept checks online and in-person along with those that already do.
Authorize deposits in real-time, release funds instantly, and reduce the risk of merchant services fraud by implementing PaymentCloud’s check processing services.
ACH Payment Processing
One of the most popular types of merchant check processing is Automated Clearing House, also known as ACH payment processing. This process helps process payments quickly and with no need for a paper check, credit card, or debit card.
Similar to a wire transfer, an ACH payment verifies the sender’s funds directly from their account number, but without the costly transfer fee and days spent waiting for it to deposit. PaymentCloud ACH is also one of the easiest ways for customers to pay. With no setup or fees and no chance for an expired card, ACH payment processing is the simplest way to do business when working with checks.
One-time billing and recurring payments are easy to set up and manage from the integrated dashboard, making it a preferred method for many types of businesses such as:
- Continuity Subscription Businesses
- Gym and Studio Memberships
- Furniture and Equipment Rentals
- Real Estate Management
- Nonprofit Organizations
- Schools and Government Facilities
- Insurance Providers
- Business-to-Business Sales
Does this solution sound like the perfect fit for your business’ needs? Find out more or get started right away.
eCheck Merchant Account
Electronic checks, or eChecks is a type of electronic funds transfer (EFT) that uses a different processing flow than ACH. This system is particularly beneficial for merchants that come with more risks and need high risk echeck processing.
By accepting electronic checks, you automatically reduce the number of credit card transactions and therefore also the chance of a chargeback appearing on your account.
When a paper check is being used by one of your customers, having an instant echecks solution allows your business to use its point of sale terminal to process the check electronically. The first step of the process utilizes a check reader or imager to snap an electronic version of the paper check and convert it into a digital version. This information, along with verification of the customer’s driver's license or other form of ID, is then securely stored to be batched along with other transaction types of its kind. It is the simplest, most effective, instant, and safest way to accept physical checks.
Never go to the bank to deposit checks again.
Many business types that accept echeck payments love that they can also take advantage of the recurring payment option. It is one of the most popular features of echeck payment processing. You get paid faster, without as much risk, use secure processing means, and automate payments- it’s a foolproof method to accepting electronic check payments for your business.
- Rent and Mortgage Companies
- Legal Services
- Credit Repair Businesses
- Debt Collection Services
- Firearms and Ammunition
- Medical Billing
- Travel and Timeshare Companies
Preventing Fraud when Processing Checks
Chargebacks and fraudulent activity are not concerns that merchants worry about when using check processing procedures to accept payments. In contrast to credit card use, check processing has a much lower chance of these risk factors.
By utilizing PaymentCloud’s high risk echeck processing or ACH solutions, many risky businesses have been able to get a hold of their fraud and chargebacks and stabilize their company. With instant echecks verification and approval, merchants reduce and even eliminate their risk of receiving fraudulent check transactions.
Perks of Having Check Processing Services
- Less expensive than credit and debit card processing
- Increased convenience for the business owner
- Another way for your customers to pay
- Fraud and Chargeback protections
- Instant echecks verification
- 24-48 hour deposits
- Accept checks online and in-person
- Great solution for high risk businesses
- Single and recurring payment options
- In-person and electronic check processing
Electronic check processing is a great solution for merchants to offer their customers as an additional way to pay. No matter if you’re in retail or online, B2B or B2C, providing check processing services can only help your business succeed.