{"id":540,"date":"2019-04-24T05:50:00","date_gmt":"2019-04-24T05:50:00","guid":{"rendered":"http:\/\/payliance.local\/?p=540"},"modified":"2025-07-01T16:44:12","modified_gmt":"2025-07-01T20:44:12","slug":"understanding-how-echecks-work","status":"publish","type":"post","link":"https:\/\/payliance.com\/understanding-how-echecks-work\/","title":{"rendered":"Understanding How eChecks Work"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><h2 class=\"wp-block-post-title\">Understanding How eChecks Work<\/h2>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-ad2f72ca wp-block-group-is-layout-flex\"><div class=\"taxonomy-category wp-block-post-terms\"><a href=\"https:\/\/payliance.com\/payments-blog\/\" rel=\"tag\">Payments<\/a><\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2019-04-24T05:50:00-04:00\">April 24, 2019<\/time><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p>The easiest way to think of an eCheck is that it\u2019s just like a paper check \u2013 without the paper. An eCheck is a promise of payment, authorizing a merchant to draw money from the customer\u2019s bank account, either on a one-time or recurring basis. However, because eCheck transactions are conducted electronically, funds are debited and transactions are settled much faster than with paper checks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Do eChecks Work?<\/h3>\n\n\n\n<p>A business with an Automated Clearing House (ACH) merchant account can draw money from a customer\u2019s bank account directly, &nbsp;avoiding network dues and fees associated with debit and credit card networks. Transactions are routed through the ACH network, which provides the infrastructure for electronic transactions in the U.S.<br><br>Avoiding debit and credit card networks make eChecks a lower-cost option versus other forms of payment. eChecks are not only less expensive than other forms of payment, but they are also easy, convenient, fast and secure. Regularly scheduled payments, such as rent or mortgage payments, membership fees, or loan repayments are often set up via eCheck due to this ease and convenience. eCheck\u2019s reduce the administrative burden of initiating new transactions for recurring payments while improving customer satisfaction.<br><br>To conduct an eCheck transaction, the merchant requests authorization for payment from the customer and then initiates the transaction on the ACH network. Funds are transferred directly from the customer\u2019s bank account to the merchant account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Processing eChecks With a Payment Processing Partner<\/strong><\/h3>\n\n\n\n<p>Merchants can choose to partner with a third party provider of electronic payment services, like Payliance, to ease implementation and streamline processes. With a payment processing partner, eCheck processes and data can be easily integrated with existing accepted forms of payment to begin quickly accepting eChecks.<br><br>Selecting the right electronic payment processing partner can provide many benefits to an organization:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payment processing partners batch and send eChecks as a group to streamline processes and ensure funds are collected and disbursed quickly.<\/li>\n\n\n\n<li>Simple to use APIs and online reporting tools help integrate eCheck payment data with other business systems to create an accurate, comprehensive overview of the financial status of the organization.<\/li>\n\n\n\n<li>Payment processing partners provide additional layers of security to ensure bank accounts are valid and reduce fraud.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Payliance\u2019s eCheck Processing Solutions<\/strong><\/h3>\n\n\n\n<p>Payliance\u2019s&nbsp;<a href=\"https:\/\/payliance.com\/Payment-Services\/eCheck-Processing\">eCheck processing<\/a>&nbsp;solutions allow merchants and lenders to accept eChecks across any payment channel you choose while minimizing processing costs. Our late cut-off times ensure funds are collected the next day to improve cash flows.<br><br>With an easy-to-use and intuitive dashboard with real-time cloud reporting, businesses can gain greater visibility and track every transaction, with accurate, updated data for making the best decisions at every moment.<br><br>Payliance\u2019s advanced fraud protection and prevention also help to ensure that every transaction is secure, preventing any unwanted access to customer or merchant data as well as reducing fraudulent activities.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Request a Consultation<\/strong><\/p>\n\n\n\n<p>To learn more about eChecks and how you can increase your cash flow while creating a convenient transaction experience,&nbsp;set up a consultation with one of our eCheck experts today.<\/p>\n\n\n<p>\n  <a href=\"https:\/\/payliance.com\/get-started\/\" target=\"_self\" class=\"button button--blue button--wide\">\n      <span>\n    Connect With Our Experts\n  <\/span>\n      <svg class=\"icon icon--arrow \">\n  <use xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xlink:href=\"#arrow\"><\/use>\n<\/svg>\n  <\/a>\n<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The easiest way to think of an eCheck is that it\u2019s just like a paper check \u2013 without the paper. An eCheck is a promise of payment, authorizing a merchant to draw money from the customer\u2019s bank account, either on a one-time or recurring basis. However, because eCheck transactions are conducted electronically, funds are debited [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payments-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/posts\/540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/comments?post=540"}],"version-history":[{"count":4,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/posts\/540\/revisions"}],"predecessor-version":[{"id":9848,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/posts\/540\/revisions\/9848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/media\/541"}],"wp:attachment":[{"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/media?parent=540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/categories?post=540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/payliance.com\/wp-json\/wp\/v2\/tags?post=540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}