e-ValuCheck Direct is has been designed to process payments directly between the merchant and an affiliate e-ValuCheck Bank. The payment made to the merchant is transmitted directly to the merchant's bank to be processed and deposited immediately. This requires the merchant to establish a banking relationship with the e-ValuCheck bank.
e-ValuCheck check processing is handled completely by an e-ValuCheck affiliate bank partner. The merchant never sees, handles, or deposits any items. The bank prints all e-ValuCheck paper checks inside its data center for immediate deposit to the merchant's account. Payments are settled merchant's account on a real time basis, and the merchant is provided with detailed deposit reports in order to track the payment received and their current status (deposited, cleared, etc.). The bank will provide optimal check clearing availability to each e-merchant depending upon the bank's normal check clearing availability schedules. This system allows users to add additional options to their payment processing such as check guarantee and I.D./ Date of Birth verification.
e-ValuCheck Direct Highlights:
The e-ValuCheck Direct product is ideal for larger merchants that are require immediate funds availability for check processing and are processing greater than 500 checks per month.
Large number of transactions Immediate funds availability, same day ledger credit and 0,1,2 day availability Tiered per transaction pricing discounts based on volumes Easily implemented into existing web based systems Tiered per transaction pricing discounts based on volumes Supports real-time or batch transaction submission Real-time transaction and returned items reporting systems Complete web based reporting and administration system Merchant will never have to see, touch or deposit a single check Checks are cleared directly into Merchant's e-ValuCheck affiliate bank account System is based on use of demand drafts and is not subject to charge back or administrative return limitations of ACH and Credit card systems.
Pricing
e-ValuCheck Direct merchants have a relationship with an e-ValuCheck Bank. Pricing is based on the relationship between the merchant and the bank and typically ranges between .95 and 1.50 per transaction plus standard banking fees.
Contact a sales associate for more information
Phone: 949.888.1006 sales@evalucheck.com
(e-Commerce)3
30021 Tomas, Suite 245
Rancho Santa Margarita, CA 92688
Fax 949.888.1093
Large number of transactions