Posted on April 27, 2021 by Transcend Pay
Whether you’re stumped by a customer asking to pay with an eCheck or you’re just looking to increase the ways in which your customers can pay you, an eCheck is about as straightforward as many other types of electronic payments. Practically, they’re an easier version of those old physical checks — paper notes that would spell out (literally) the amount owed and allow for a transfer of money from the payee’s bank account to yours. But because traditional paper checks have to be filled out for an exact amount at purchase time, they’re typically only used today for paying bills and other recurring purchases by mail. But because checks don’t really work online or in the digital world, most people today use credit and debit cards that are much quicker and easier to use. But the eCheck provides another way to do that.