Customers who choose to pay via eCharge Net Account are routed to the eCharge server at time of checkout to complete their transaction. When eCharge is convinced the shopper is authorized to use the account, it verifies that the credit or prepayment is sufficient to cover the purchase, authorizes the purchase, and sends confirmation data back to the merchant's server. No payment information needs to be stored on the merchant's server, making the transaction safer for both the merchant and the customer. Because of non-repudiation provided by the client digital certificates, chargebacks for fraud are not an issue. Fees, Costs, Etc.
Customers pay a typical credit card interest rate for purchases.
Merchants will pay up to 100 basis points below the typical merchant bank discount rate on purchases. Because there's no setup fee and no monthly fees, this fee structure is attractive even for merchants who won't necessarily see a lot of transactions using eCharge Net Account. Good for customers who can't get access to credit any other way, and who want to shop online. Competitive costs for merchants. No chargebacks to worry about.