Increased Market Potential - There are 120 million Americans that do not own credit cards with available lines of credit. These people cannot make online purchases if online checks are not accepted.
Cheaper Payment Processing - e-ValuCheck is a flat fee payment process. The check guarantee feature with e-ValuCheck adds an additional per transaction discount rate, which is still less expensive than credit card processing which is getting more expensive every day.
Quicker Funds Availability - Depending upon your banking relationship and the location of your depository bank, paper checks offer faster funds availability than most credit card processors.
Shorter Reserve Hold Back Periods - Many banks hold a rolling 180 day reserve balance against future credit card charge-backs while banks only hold a rolling 60 day reserve balance against future returned checks.
An Alternative to the Credit Card Merchant Account - Many online sites don't enjoy being held captive by their credit card processors and are looking for an alternative payment process.
A Proven Payment Process - The paper check is the most widely used and most efficient payment method in America. E-ValuCheck is based upon the proven check clearing infrastructure that cleared 69 billion paper checks in 1999.
Zero Up Front Costs - E-ValuCheck costs the online merchant zero upfront costs. Merchants are charged a per transaction fee by their bank as consumers use the e-ValuCheck payment option online.
Identity and Date-of-Birth Verification - E-ValuCheck offers merchants a risk management feature via the identity and DOB verification feature, which is available on a per transaction fee basis. This proprietary service scans multiple databases with over 20 billion different records that are updated on a daily to monthly basis.
Security Concerns - E-ValuCheck limits security concerns and the requirement for added network security for protection of sensitive consumer financial information. All consumer financial information is housed in a single central location with the E-ValuCheck web server.
