eCheck Processing-The second-best option available for accepting cannabis payments.
For Ecommerce and non-face-to-face transactions, eCheck Processing is the best option. Reliably accept payments for online or phone orders where you are completing a transaction without a card present.
You might be thinking “this is so old fashioned”…, but paying by eCheck is still one of the best ways for a high-risk business to ensure their ability to accept payments. eCheck processing allows for uninterrupted operations in the event something goes wrong with your high-risk offshore merchant account. And, there are many benefits for both the customer and the business.
- More payment options = more customers. An eCheck is a very secure way for a customer who may not have a credit card to still make their purchase with their bank account.
- Lower processing fees for the merchant. eCheck processing fees are one flat rate which is significantly lower than the notoriously high fees associated with (offshore) credit card processing.
- Move just a portion of your transactions to this type of payment and you could see a substantial impact on your bottom line.
- Quicker deposits give businesses more control over cash flow.
- Quick underwriting and implementation. Accepting eChecks is one of the quickest ways to start accepting payments fast, ever while you wait for merchant account approval.