11 Answers to eCheck payments questions
Key Takeaways
⇨ eChecks are a digital payment method that allows for quicker, safer, and easier transactions, utilizing the Automated Clearing House (ACH) network.
⇨ Businesses that integrate eChecks can reduce payment processing fees significantly compared to traditional credit card payments, thus saving money, especially on large or recurring transactions.
⇨ Accepting eChecks can enhance customer retention and increase revenue by providing a dependable payment method, given that checking account numbers tend to change less frequently than credit card details.
eChecks are digital versions of paper checks that enable quicker, safer transactions for businesses by using the ACH network, offering benefits such as lower processing fees and increased payment reliability, making them especially advantageous for subscription-based and online businesses.
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