What is an eCheck?

An eCheck is an electronic version of a paper check that provides different payment processing times and less waste. With an eCheck, money is electronically transferred from the payers' checking account and directly deposited to the sellers account, after passing through the ACH network.

Using the information found on a paper check, electronic check processing also means that you can convert a paper check received from a customer into an electronic transfer.

Electronic checks combine the security, speed, and processing efficiency of all electronic transactions with the infrastructure and processes associated with paper checks. Echecks are a faster and less-expensive way to get your money.

• An eCheck can also be called an electronic check, direct debit, ACH payment, or ACH transfer
• It is the means by which you can take the information contained on a paper check and process the payment electronically using the ACH network

How does an eCheck work?

Ever wondered how an eCheck works? It's really quite simple. Electronic check processing is the means by which you can take a customer’s routing and account number (the numbers imprinted at the bottom of a paper check) and submit it for payment electronically, typically using an online interface, instead of accepting a paper check and taking it to the bank.

PaySimple provides an easy eCheck payments feature that requires no expensive scanners or other hardware – you simply key in bank account information and submit the transaction.

You can send an automatic emailed receipt of the transaction, eliminating otherwise time-consuming steps surrounding paper invoices, paper checks, account reconciliation, and trips to the bank.