Check Processing and ACH Rates
eCheck ACH check processing allows you to charge your customer’s checking account for purchases. The check may or may not be present, and the information from the check or checking account is keyed in.
| Check Processing and ACH Rates | |
|---|---|
| Setup Fee: | FREE |
| eCheck Discount Rate:$0-$4,999.99 Transaction Volume$5,000.00-$49,999.99 Transaction Volume$50,000.00 + Transaction Volume | 0.99% – 1.75% 1.75% 1.49% 0.99% |
| eCheck Transaction Fee: | 30 ¢ |
In addition, we also offer a free check collection service. The check collection service will collect any bad checks on your behalf, at no cost to you. You will never have to deal with bounced or NSF checks again.
| Service | Industry Average | Merchant Express |
|---|---|---|
| Setup Fee | $100 | $0 |
| Monthly Cost | $10 – $20 | $0 |
If a check does not clear, the check is forwarded to the check collection center. Up to three attempts are then made to electronically debit the amount of the check (plus a returned check fee) from the customer’s bank account. This has a success rate of approximately 80%.
If the electronic debit is successful, you are paid the full face value of the check. If the check cannot be electronically debited after three attempts, then the debt is transferred to a collection agency and you are paid 50% of what is collected.
