Interchange fees ranging from 2%-4% are typically required to accept online ACH payments.. This is a high price to pay just to receive your money in a timely manner. With Deluxe eChecks, the receiver of the check pays NO additional fees.
All other electronic payment methods today require you to sign up for that service or worse yet require the payor and his employees to have access to YOUR banking information. Deluxe eChecks uses the same information as paper checks (date, name and amount) and your email address. Your banking information stays secure and you still receive your payment within a matter of seconds the best of both worlds!
Deluxe's proprietary approach based on patented technology allows companies and banks to help reduce fraud by easily verifying the authenticity of checks. Customers and financial institutions using Deluxe's Check Validation service can confirm at any time that an authorized Deluxe eCheck was created by a user of the system and that the item remains unaltered since creation. This service can assist in catching and stopping fraudulent checks before they enter the banking ecosystem.