PayByCheck

Why PayByCheck?

  • Lower Cost – flat fees NOT based on % of sale
  • Fast Payments – echecks clear 2 to 3 days faster than mailed checks
  • Smart – in light of today’s credit crisis, accepting checks is smart business
  • Less Hassle – we don’t require that your customers register with us
  • Reduced Handling – echecks reduce paper handling costs and trips to the bank

PayByCheck Vs. Credit Cards

Paybycheck is another way to accept check transactions from customers. Credit cards can be expensive with a average ticket item being 4% + fees.

We offer a simple virtual terminal to upload each transaction at a time, or the spread sheet batch upload method.

The transactions can be in your account the same day or next when you have us do direct deposit. We can also mail you the checks if your bank only has a few branches. In some cases we can manage the account and  fund you directly.

Payment Verification

We provide verification, both ATM and Fraud alert.  All transactions are tested against the database in real time. You can also use our verification separately for your own uses, if all you need is check validation.

Interface Options

Besides our standard virtual terminal, we offer a simple plugin you can use on your website. For those who have many transaction daily to upload, we offer a batch file method where you upload a CSV spread sheet.

Settlement Methods

PayByCheck offers two settlement methods:

  • Electronic Check Processing (ECP) – settlement occurs through the Automated Clearing House (ACH) Network according to NACHA regulations. This is a purely electronic solution available to qualified organizations who wish to reduce their volume of paper transactions.
  • Paper Drafts – The transactions can be in your account the same day or next when you have us do direct deposit. We can also mail you the checks if your bank only has a few branches. In some cases we can manage the account and  fund you directly.

ACH Ineligibility

Merchants who have less the one years processing history will not qualify for ACH and are deemed as high risk. but can accept payments via paper checks. Paper checks can be deposited same day or mailed depending on your agreement with Secure Processing Solutions.

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