This is by no means the only way to accept payment on the Web - it's now possible to accept checks online. Taking checks online is a great advantage to the merchant, according to Nick Madamas, vice president of OnLine Check Systems.
Credit cards are rescindable.
The customer can reneg or charge back. You can't do that with a check. It's a form of contract. Some electronic checking systems provide software that allows merchants to physically print out a check, given a customer's account information, and then take it to their bank. For merchants that use OnLine Check Systems, the process is simple.