Electronic Check (eCheck) Definition

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.

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Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services

I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

How I Can Help You

I specialize in helping businesses get refunds of excessive fees and have recovered $1,567,184 this year alone! Submit a recent statement below to find out if you are getting overcharged. I'll take a look at it for free. If I find fees that can be refunded, hire me on contigency. I only get compensated if I put money back into your pocket.

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