Start Accepting Same Day eChecks

Jun 29, 2018

Are you interested in Same Day eChecks? What are these? How do they work? How can you get the necessary payment processing solutions for your business fast and easily? Just read below and you’ll get a better idea.

eChecks and Their Features

eChecks can be described as the electronic versions of a traditional paper check. eChecks help you withdraw money electronically from the payee’s bank account. Then, the money gets deposited into the receiver’s account. It’s necessary that the payee authorizes this so that the payment can initialize.

eChecks have several features that you can find below:

  • Similar to paper checks, use the same account and routing information
  • Similar to paper checks, offer the same legal protections
  • Like you use paper checks, you use eChecks to pay for goods
  • Can add value to your paper checks by providing additional information

When it comes to whether your business should accept eChecks or not, let’s consider the following. eChecks can help you complete bank transactions over the Internet and enjoy the best level of security. Besides, eChecks cut the number of incidences associated with fraud for both parties.

Additionally, you can enjoy automatic verification of funds. eChecks offer more affordable transaction fees as compared to the majority of other methods of accepting online payments like credit cards.

So, eCheck is used to digitize what would normally be a paper check transaction. As a result, merchants get an opportunity to accept and enter the payment using a computer/phone. In fact, there’s nothing challenging about this process.

You should let your customers know how checks will be processed. Your customers should also know that the transaction will be processed through the ACH network. The funds will clear into a business account Next Day and even Same Day Deposit Funding.

ACH is the US faster payments initiative. It aims to speed up the settlement time for specific bank-based transactions. What about Same Day ACH for B2B (business-to-business) payments? Just read below and you’ll know.

By the way, by turning to a reputable high risk processor like, you can get answers to all your questions concerning Same Day eChecks. EMB is voted the top high risk credit card processing company in the US. Moreover, EMB carries an A+ rating with the BBB and an A rating with Card Payment Options.

The great thing about is that EMB talks to every single merchant to know his/her business well. Then, EMB offers the right merchant services tailored to his/her own needs.

What Are Same Day eChecks/ACH?

According to a new NACHA rule, ACH processors are allowed to offer Same Day eCheck processing for customers who need their eCheck funds deposited same day. As a result, you get a “Same Day Fee” applicable to all Same Day ACH transactions. It also compensates ACH processors for the service.

When it comes to settlement time, it’s as follows:

  • ACH transactions submitted before 10:30 AM ET will be settled same day at 1:00 PM ET
  • ACH transactions submitted before 2:45 PM ET will be settled same day at 5:00 PM ET

Based on the new NACHA rules, almost all ACH or eCheck payments are eligible for Same Day ACH. This refers to both credits/debits. International transactions or IATs are among the major exceptions. This also refers to high value transactions (above $25.000), which can’t be eligible for Same Day ACH. All these exceptions taken together account for less than 1% of all ACH network transactions.

Currently, you can find Same Day ACH as an option through numerous ACH providers. You just need to contact your current ACH provider and find out if Same Day ACH is available. Figure out whether the additional associated costs are acceptable for your business. Be aware that can help you with reliable and low cost ACH payment processing.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat