Process eCheck payments
Electronic checks are an ideal digital payment option for recurring transactions, bill payments, and contactless payments.
Questions? Speak to a human. Call 1-888-323-4289.
eCheck pricing
eChecks are billed separately from your monthly gateway fee. eChecks are billed on a per transaction bases of 0.75% of the transaction price.
- No setup fee
- Monthly gateway: $25
- Per transaction (gateway) 0.75%
- Free additional services
Learn about eCheck payments
Paper checks are a trusted payment method that has been around for more than a century. While the popularity of checks has waned over the years, many people still use personal checks as their preferred form of payment. They make sense in some cases–mortgage payments, donations, utility bills, etc. But physical checks pose an interesting problem in the current contactless environment. Not to mention, the amount of time required to process and clear funds.
The good news is that you have options. eChecks can help provide a secure environment for your customers while improving your own business processes.
What is an eCheck?
Authorize.net’s eCheck payment service allows businesses to accept electronic check payments for goods and services purchased via mail order, telephone order, eCommerce websites, or subscriptions.
An electronic check works much like a regular check, only instead of using a paper check to provide their bank account, routing number, and payment authorization, customers provide payment information through an eCheck authorization form, allowing you to process the information electronically.
Benefits of eChecks
- Limit contact with another digital payment option
- Reduce processing time and administrative costs
- Easily manage recurring payments and bill payments
- Faster processing and deposits than traditional checks
How do eChecks work?
- Electronic checks are processed via the ACH (Automated Clearing House) network.
- A customer provides their bank account information (bank routing and account number) for processing.
- Using the customer’s bank account information, an electronic request is made to charge the customer in the amount of the purchase.
- Authorize.net receives the electronic request and stores the transaction in the “batch” with your other transactions for the day.
- At the end of each business day, a request is submitted to the customer’s bank through the Automated Clearing House (ACH) to charge that particular customer.
- The eCheck system waits for the result of the transaction from the bank. This process usually takes two to three (2-3) business days.
- The funds are transferred (via electronic funds transfer, or EFT) from the customer’s bank and deposited into your business bank account.
- Your eCheck account balance is updated depending on the results of the transactions.
ACH
The Automated Clearing House (ACH) Network is an electronic system serving than 10,000 financial institutions to facilitate financial transactions in the United States. The ACH Network essentially acts as a financial hub and helps people and organizations move money from one bank account to another. ACH transactions consist of direct deposits and direct payments, including business-to-business (B2B) transactions, government transactions, and consumer transactions.
Included plan features
Advanced Fraud Detection Suite™
Identify, manage, and prevent suspicious and potentially costly fraudulent transactions with our Advanced Fraud Detection Suite™ (AFDS).
Automated Recurring Billing™
Automated Recurring Billing™ (ARB) is a convenient and easy-to-use tool for submitting and managing recurring, or subscription-based, transactions.
Simple Checkout
Create "Buy Now" and "Donate" buttons for your website simply by copying/pasting our code.
Customer Information Manager
Tokenize and store your customers' sensitive payment information on our secure servers, simplifying your PCI DSS compliance and the payments process.
Invoicing
Send an invoice to anyone with an email address. Invoicing is perfect for businesses that need to send simple, no-hassle invoices.
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