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What You Need to Know About eCheck Processing and iChecks

The e-commerce market is developing with rapid advances. The advances in online payment processing and electronic payment technology have made the e-commerce evolve rapidly, thus increasing the willingness of almost all merchants to start accepting credit cards online. According to BI Intelligence, it’s expected US consumers would spend $632 billion in 2020.

eChecks, ACH, and EFT

When it comes to eCheck processing, you can convert a paper check received from a customer into an electronic transfer or an e-check that takes funds from your customer’s account and places them into your account. This transfer is made possible by the Federal Reserve Bank’s Automated Clearing House (ACH) system. It offers a faster and less-expensive way to get your money.

Thanks to an ACH merchant account, you can withdraw payments for goods/services directly from your customers’ bank accounts. The customer must authorize the payment, either by signing a contract or accepting a website’s “Terms and Conditions” or by a recorded voice conversation.

So, in the case of electronic check processing, your customer doesn’t have to manually fill out a paper check and send it to you as paper check processing requires. eCheck processing happens electronically and requires the following steps:

  1. Request authorization
  2. Payment set up
  3. Finalize and submit
  4. Payment confirmation and funds deposited

You might be interested in whether ACH and EFT imply the same as eCheck. ETF or Electronic Funds Transfer includes many types of financial transfers: wire transfers, direct deposits, electronic benefits payments, ACH disbursements, and more.

ACH or Automated Clearing House is the electronic network used by financial institutions in the US that provides the infrastructure used by payment processing companies.

An eCheck can be defined as a type of electronic funds transfer that uses the Automated Clearing House network for payment processing.

EMB Offers iCheck: Future of Check Processing

The fact that merchants pay a smaller fee for eCheck payment processing than for credit card payment processing makes accepting eCheck payments quite popular for high-cost items such as rent, mortgage or car payments, and high-cost monthly fees such as legal retainers and fitness memberships. Moreover, eChecks are one of the most popular types of recurring payment. eCheck merchant account providers charge different fees for eCheck payment processing.

Merchants can enjoy a number of benefits offered by electronic check processing. eCheck processing with (EMB) is extremely easy and effective. EMB offers comprehensive and premium eCheck payment processing solutions to help you increase revenue, reduce chargebacks and customer disputes. EMB is voted the #1 high risk payment processor in the US and is ideal for high risk merchants looking for affordable check payment processing. offers iCheck, a means of electronic check processing. iCheck facilitates faster funding on a wider variety of checks and has fewer restrictions as compared to ACH. Remote Deposit Capture (iCheck) is ideal for many sales environments. All check types can be accepted at Point of Sale (POS) or when the consumer is not present.

  • No consumer notification or receipt is required
  • No check writer authorization requirement
  • Funding is guaranteed
  • Free online activity monitoring
  • Fast electronic deposit of funds, in as little as 24 hours

To try EMB’s iCheck service, the following will be required:

  • Copy of your driver’s license
  • Color copy of a major credit card
  • Basic information about your business
  • A few minutes of your time

EMB is a reputable high risk merchant account and business funding provider that has an A+ rating with the BBB. EMB is rated A by Card Payment Options and is one of Inc. 500’s Fastest Growing Companies of 2016.