An eCheck (or electronic check) is an electronic version of a paper check used to make payments online. Anyone with a checking account can pay by eCheck. Get information on e-check transactions and Automated Clearing House (ACH) electronic check payments. TransFirst explains the e-check process here. Electronic check processing is an online payment option for businesses to collect from customers. Learn more about eChecks from the PaySimple blog. As of , paying by eCheck remains one of the most secure and CHEAPEST methods of making a payment directly form your bank account to another party or to pay for goods or services. What Data Sets Will Quants Mine in the Future? Some eCheck processing companies charge a higher per-transaction fee and a lower monthly fee, while others charge the opposite. TransFirst has done everything they said they would do, and they do it every month with service and savings. Best Student Bank Accounts Updated by Ben Todd Jun 1, 0. Free Resources Access our Learning Center to educate yourself about payment processing. The process is similar for a check that is mailed in payment of a bill, except the check is retained by the merchant after it is voided. Some eCheck processing companies charge a higher per-transaction fee and a lower monthly fee, while others charge the opposite. Um das automatische Auslesen der Linguee-Datenbank zu verhindern, erlaubt Linguee nur eine bestimmte Anzahl an Anfragen pro Benutzer. Get the latest version to see all your account features. A receipt app downloaden generated and printed for the check writer to sign; the check is voided and returned to. Has someone asked you to make an eCheck payment? Electronic check processing offers numerous benefits for merchants. Online Credit Card Processing. The best part, though, is the savings. Echecks , quite simply, are digital versions of the old paper check. There may also affiliate links to Amazon on some pages.