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Electronic check processing

High Risk Check Processing

Opening up your business to accept as many forms of payment as possible opens you up to more transactions — which means higher top line revenue. You never want to turn your customers down, and that’s the upside of high risk check processing.

High Risk Check Processing

High risk check processing with eCheck:

Checks by web

Checks by web

Our checks by web service lets customers purchase goods and services from you without a debit or credit card. It provides a safer payment option, and cuts back on chargebacks and fraud.

Checks by phone

Checks by phone

Our checks by phone service allows merchants to accept and process checks over the phone. It comes with five basic features and a variety of benefits to make processing checks simple.

Paper guarantee

Paper guarantee

This service removes the risk of check payments with a 5 step process to instantly prevent fraud and protect you if a check bounces.

documents required

Open the door to more with eCheck processing

Why bother with check processing? Merchants are charged smaller fees to process e-checks than credit card payments. E-check processing is a popular choice for high-ticket items like jewelry and electronics, and services like fitness memberships. Think of it as another weapon in your arsenal as a business — another way for you to service your customers.

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What documents are required?

We make the online application process simple. While we can’t promise guaranteed approvals every time, we can promise a fair process. In addition to a completed application, you must provide the following documents:

  • Copy of passport or ID
  • Corporate documents
  • One month of business bank statements (if available)
  • Bank letter or confirmation of deposit bank info showing business name, IBAN or Swift information
Apply now
documents required
electronic check processing

Streamline your payments with electronic check processing

If you’re looking for a way to streamline your payments and improve your cash flow, consider signing up for electronic check processing today!

For help getting started, connect with us

Don’t just take our word for it

“Marlin knew many of his business’s clients felt safer using paper checks. But he found looking for a quality eCheck processor a daunting task. With EMB’s eCheck processing service, eCheck Plus, we were able to offer Marlin and his business the ability to process checks electronically without having to purchase or install additional software or hardware, and see the funds from check sales right away.”

Marlin T. Roche, small business owner

“Sanj Kumar’s ecommerce business experienced an influx of fraudulent chargebacks from international customers due to the nature of its luxury business. Experiencing regular instances of fraud was having an impact on profit margins and the future of its merchant account. Based on EMB’s knowledge of the industry and broader fraud trends, we were able to offer Sanj timely and effective policy changes to his fraud protection program. ”

Sanj Kumar luxury ecommerce business owner

Electronic checks (eChecks) are a payment type automatically debited from a bank account. The buyer selects to pay with an eCheck and provides routing and account details instead of the card information. While eChecks are generic, transactions can vary based on what eChecks are involved. When it comes to eChecks, high-risk merchants have different requirements than non-high-risk merchants. For example, high-risk merchants often are unable to qualify for ACH accounts because they do not have adequately low chargeback ratios. EMB helps approved high-risk merchants with eChecks.

ACH is a good option for high-risk merchants if the business can maintain sufficiently low chargeback ratios. Chargebacks must stay below 0.5% for a merchant to maintain an ACH eCheck merchant account. Based on what is sold, high-risk merchants often have difficulty meeting this requirement. Additionally, returned transactions cannot surpass 15% for an ACH eCheck merchant account. Additionally, high-risk merchants in certain industries like adult entertainment, nutraceuticals, and precious metals are unlikely to obtain ACH eCheck merchant accounts.

Not all ACH eCheck solutions are ideal. For example, merchants should avoid ACH eCheck solutions that use the merchant’s bank to perform the processing and cleaning of ACH eCheck payments. Merchants should also avoid ACH eCheck solutions that make a copy of electronic checks and either deposit the actual check into the merchant’s account for processing and clearing or send the merchant a check copy for the merchant to deposit into the merchant’s bank account.

eChecks exist to provide a convenient method to accept payments. The nuanced electronic process involving eChecks contains four steps. First, the purchaser authorizes the amount requested by the seller to be withdrawn from the purchaser’s account. Second, after payment is authorized, the merchant initiates the payment process by inputting the corresponding financial details into the payment gateway. After the financial details are verified by the processor, the merchant submits the payment to the bank. The payment then commences the eCheck transaction process. The transaction amount is withdrawn from the purchaser’s account, deposited into the seller’s account, and a receipt of payment confirmation is sent to the purchaser.

When it comes to eChecks versus credit card rates, eChecks transactions are much less costly to process than credit cards. The primary difference in these costs is the associated fees and involved networks.

ePayment (EFT payment) refers to the electronic transfer of funds from one account to another through an online network. EFT covers several types of different transactions including ACH transfers, direct deposits, wire transfers, and eChecks. The Automated Clearing House (ACH) network is the system tasked with processing and transferring funds between merchants and purchasers’ financial institutes. ACH payments are processed in two ways: ACH debit transactions or bill payments (in which money is taken from an account by the merchant) and credit transactions or direct deposit (in which the consumer or merchant account making the payment starts the transaction.) eChecks are both ACH debit as well as EFT payment because this method relies on electronic funds transferred through the ACH network.

Like traditional checks, eChecks sometimes bounce and can end up rejected and returned. Sellers and purchasers should take the necessary steps to avoid this from happening. Some reasons eChecks are rejected include inadequate funds, blocked accounts, fraud, inaccurate account details, and deactivated/closed accounts. Businesses that want to avoid rejected eChecks should consider utilizing a check verification service.

Yes, customers can claim chargebacks on eChecks. This is a much stricter process, though than the one involving credit card transactions. eCheck chargebacks are more difficult for customers to obtain. While consumers have 180 days to dispute credit card transactions, they have a third of that time (60 days) to dispute eCheck payments.

Still have questions?

If you can’t find the answer you’re looking for, please reach out and chat with our team.

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