eCheck
Accept electronic checks securely, streamline payments, and improve cash flow for your business.
Executive Summary
eCheck by Authorize.net enables businesses to accept electronic checks (ACH payments) directly from customer bank accounts. This digital payment method replaces traditional paper checks, offering a faster, more secure, and efficient way to process transactions. It helps businesses improve cash flow by expediting payment collection and reducing the manual effort associated with paper checks. The service is integrated with the Authorize.net payment gateway, allowing merchants to manage both credit card and eCheck transactions through a single platform. It provides a predictable pricing model, especially beneficial for smaller ticket sizes, as it charges a percentage-based transaction fee rather than a fixed per-transaction fee. Businesses can leverage eCheck to offer customers a convenient and modern payment option, enhancing the overall payment experience.
Use Cases
- Accepting payments directly from customer bank accounts
- Replacing paper checks with electronic payment processing
- Facilitating faster payment collection for businesses
- Improving cash flow and reducing manual payment processing
- Offering a convenient digital payment option to customers
Features
Visibility
- Transaction History: View and search all eCheck transactions, including status and details, within the merchant dashboard.
- Payment Method Management: Manage customer payment profiles, including bank account information, for recurring eCheck payments.
Support
- Online Knowledge Base: Access articles and guides on eCheck setup, management, and troubleshooting.
- Customer Support: Contact support for assistance with eCheck processing and account inquiries.
Technical Specifications
- Architecture
- Gateway-based processing leveraging ACH network for electronic fund transfers.
- Deployment
- SaaS
- Authentication
- OAuth/OIDC
- API Available
- Yes
Security & Compliance
Certifications: PCI DSS
Encryption: Sensitive payment data, including bank account details, is encrypted during transmission and storage to protect against unauthorized access.
Pricing
- Model
- Subscription-based with percentage-based transaction fees.
- Starting Price
- Monthly gateway: $25; eCheck transaction fee: 0.75%
- Target Customer
- SMB,Mid-Market
- Contract Type
- Monthly
Ratings & Reviews
G2: 4.0/5/5
About Authorize
Authorize.Net, established in 1996, is a leading provider of payment management solutions, processing billions of transactions. It functions as an online payment system and credit card payment processor, offering secure processing for various business needs including subscriptions and retail.