Paper checks have been around for quite some time. Though paper checks are still popular, many businesses have switched to eChecks in the last decade. eChecks make good business sense. They are good for the environment, are safer and more convenient than traditional checks, and can help businesses save time and money. Businesses should allow
Customers are making more online payments in 2020 than ever before. And the number of consumers making online purchases has doubled. As a result, the digital transaction field and the business of check processing companies are getting more and more crowded. When it comes to making payments online, consumers need a variety of payment options.
Electronic modes of payment are dominantly preferred among consumers in today’s world. Due to a significant rise in online shopping and other internet services, debit and credit cards have largely replaced cash transactions. In 2020, eCheck payment processing is a highly utilized and established online payment method. Virtually every primary payment gateway has the eCheck
Electronic check processing is somewhat similar to paper check processing, only faster. Instead of a customer manually filling out a paper check and sending it to the business they need to pay, today’s technology allows the process to happen electronically, saving both time as well as paper waste. 4 main steps to processing an electronic
