Electronic Checks: The Low-Risk, Low-Cost Way to Accept Online Payments
A growing number of online merchants are offering a type of alternative payment option known variously as an eCheck, online check, electronic check, direct debit, or Internet check. With an eCheck option, a customer can pay with funds from his or her checking account without using a paper check or payment card at all. Electronic checks provide a simple and secure way for consumers to pay, and for merchants to accept payment over the Internet.
First Data’s new white paper explores how eChecks work, their impact on a retailer’s costs and revenues, and considerations for choosing a provider.