Merchant Stronghold MERCHANT STRONGHOLD IS THE #1 HIGH RISK MERCHANT SERVICES PROVIDER
Understanding and Process Flow of ECheck Processing..! If you have been executing a business for some time, the chances are high that a client has asked for to make payment utilizing an Echeck. Merchants frequently let their payment processors handle the details. Also, when disputes emanate later, the merchant is left with little to do, other than accept the processor’s requests. As an entrepreneur (who starts a business alone), it is compulsory to have at least little grasp of what goes on when a customer pays through an echeck. Be that as it may, to start with, let’s answer the obvious question: what is an echeck Processing?
What is an Echeck Processing? a n e l e c t r o n i c c h e c k i s a t y p e o f p a y m e n t p r o c e s s w h e r e a c l i e n t ’s a s s e t s are deposited into a m e r c h a n t ’s a cc o u n t o v e r t h e a c h ( a u t o m a t e d c l e a r i n g h o u s e) n e t w o r k . t o p r o c e s s s u c h p a y m e n t s , a merchant requires an echeck processing, through which payments made b y e c h e c k s c a n b e p u l l e d b a c k s t r a i g h t f o r w a r d l y f r o m t h e c u s t o m e r ’s b a n k a cc o u n t .
E check Processing Merchant Account for High Risk Business If your business already accepts credit and debit cards, your present Merchant account Provider might be willing to incorporate ACHpreparing to your effectively existing system. Organizations, for example, Merchant Stronghold offers both cards and Echeck Payment Services to online businesses. Once you’ve recognized a processing account that concurs with your requirements, the time has come to fill out the application. The data required will incorporate your evaluated processing volumes, and in addition the years your business has been in operation. The application process is normally quick and simple, and approval typically takes a couple of days.
How Echeck Processing Works? Echeck Payment Processing generally takes place in the following steps. •
The purchase is Approved
To approve the purchase, a client can either round out an online form or converse with the merchant specifi cally through a recorded telephone call. Simply, after the approval, the merchant can pass the check data to the payment processor.
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Payment is Completed
The payment processor supervises the immediate withdraw of the funds indicated by the check from the client’s bank account, and prints out a receipt.
Contact Information: Address: 10300 49th Street N Suite 427 Clearwater, FL 33762 Contact No: +1 (888) 622-6875 Fax Number: +1 (844) 465-4723 Email: info@merchantstronghold.com Website: https://www.merchantstronghold.com