Merchant Account eCheck Explained:
What is an eCheck? An electronic check, also known as an eCheck, is a form of digital payment that serves the same function as a physical check. When a merchant accepts an electronic check payment, the merchant receives the specified funds directly from a customer’s checking account. Due to the fact that electronic checks are accepted over the Internet rather than in person, they are subject to additional security features, including encryption, digital signatures, and authorization.
When a merchant account provider states that it provides “electronic check processing,” this usually refers to a whole host of services beyond simple eCheck acceptance. Electronic check processing can also include direct debiting of customers’ checking accounts, recurring billing, ACH transfers, and the conversion of paper checks into electronic checks.