Premium Payments offers a state-of-the-art electronic check processing platform. Our advanced technology allows businesses to receive
e-checks from customers swiftly and safely. Over the years, the popularity of electronic checks have grown immensely.
At Premium Payments, Electronic checks allow you to get paid quicker with next day availability of funds, eliminates the need of frequent trips to the bank and provides easy payment options for you and your customers.
Electronic Check Processing (ECP) – A systematic method used to convert paper checks into ACH transactions or Check21 items provides you with convenience of creating these payments anytime and anywhere. That’s called Premium Payments.
Premium Payments advanced secured echeck solution not only uses SSL for network security but also encryption at the application level giving you piece of mind that your data and business is secure with us.
Starts with a business when our business wants to receive or send payment via checks.
Check is deposited into the business account using an app, ATM or in person deposit.
A check is created in Premium Payments system manually, with a payment link or through SMS by the business.
Check deposited is debited from customer’s account and credited to business bank account using ACH network.
Credit cards might be the most common way to make payment online, but when it comes to recurring transactions, eChecks make the most sense. Premium Payments helps businesses get paid through recurring payments.
An e-check is much cheaper to process than a paper check as there are no handling, printing, and mailing costs involved. A few clicks are all it takes to create and process an e-check using Premium Payments system.
Electronic check will be processed only after the payer authorizes the payment. At Premium Payments, we are committed to creating a safe and secure environment, where businesses can conduct transactions confidently. Premium Payments features such as signature capture and real time verification are designed to help detect and prevent frauds.
Transporting and storing paper checks is a big headache, as they are fragile and can easily be misplaced. Electronic checks on the other hand are fast as they are electronically generated and processed. Premium Payments helps you save your e-check on your system for future reference.
Premium Payments helps you limit your chargebacks and fraudulent transactions and avoid unnecessary chargeback fees.