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Authorize.Net's
eCheck.Net is a payment
solution that allows online and traditional
merchants to accept and process electronic check
payments either directly from their Web site's
storefront or through the Authorize.Net™ Virtual
Terminal
.
With eCheck.Net, customers pay for a purchase
with an electronic check by selecting the
electronic check option and entering the
requested bank account information. eCheck.Net
encrypts the data using Secure Socket Layer (SSL)
3.0 encryption technology, and transmits it to
the secure server for posting. Transactions are
automatically settled each day. Authorize.Net
initiates a debit to the consumer's checking
account via the Automated Clearing House (ACH)
and then transfers collected funds to the
merchant's account. The eCheck.Net system
notifies merchants of failed debit attempts,
including “Not Sufficient Funds” returns.
Traditional merchants without commerce-enabled
Web sites can also use eCheck.Net to handle
periodic billing. Health clubs, tanning salons,
subscription services, ISPs, membership
companies and health care practitioners are all
examples of businesses that regularly deduct
funds from customers' checking accounts. Of
course, written customer authorization is always
required, and merchants must apply to be
approved for the eCheck.Net service prior to
performing these types of transactions.
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Enables
merchants to obtain payment via direct debit
from their customers’ bank accounts.
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Initiates a
seven-business-day payment fulfillment cycle
once a transaction is cleared.
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Appears on a
customer’s bank statement as "ECHECK
TRANSACTION XXXXXXXXXX," where the Xs
represent a 10-character abbreviation of the
merchant’s business name.
eCheck.net
prices
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Setup fee |
Monthly Fee |
Discount fee |
Transaction Fee |
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eCheck.net |
FREE |
$10/mo |
1.95% |
30 cents |
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