A receipt is generated and a copy is e-mailed to the check writer. The majority of Internet check options merely provide a paper check for your deposit. This type of system is slow, costly and difficult to manage when compared to a purely electronic solution. Expand Your Online Payment Options Today. The benefits to the online merchant are enormous.
Merchants pay a premium for real-time online credit card processing.
By promoting electronic online checks as the first payment option, merchants will experience reductions in processing fees, which will significantly improve their bottom line. Eliminate fees for returned Internet checks. Using a traditional paper check system, the merchant deposits the paper item into their bank account. Any returned item is sent back to the merchant's bank, and fees are assessed. These reports will facilitate the merchant's bank statement reconciliation.