Electronic Check is the safest payment option via Internet today. No matter how many convenient banking and payment options out there today over Internet E-Check is the safest. Although we talk about an E-Check very rarely, it is a core competency in the banking industry.
An E-Check eliminates the need for expensive processing. It works in the same manner as a paper check with few manual steps. Most important factor is the High security compared to other payment methods.
An E-Check can be used by any one who has a checking account in a bank. This is a way of convenient transaction for small businesses that have little access to electronic payment systems.
An E-check provides the same information as a paper check and it is based on the same legal framework as a paper check. E-Check can be linked with unlimited information and exchanged directly between parties. This can be used to do all the remote transactions that a paper check does today.
Small businesses that have websites can use E-Check and PayPal together offering more options to the customer. I will be back with more information with my next article on E-Checks.
Until then, Happy Blogging.