An eCheck, or electronic check, is a form of online payment where money is electronically withdrawn from the payer’s checking account, transferred over the ACH (Automated Clearing House) network, and deposited into the payee’s checking account. The payment must be authorized by the customer, by submitting their payment information during the checkout process.
The best way to explain the similarities and differences of ACH, EFT and eCheck is that an eCheck is a type of electronic funds transfer (EFT) that uses the Automated Clearing House (ACH) network to process the payment. The money is electronically withdrawn from the payer’s account, sent via the ACH network to the payee’s banking institution, and then electronically deposited into the payee’s account – similar to a paper check, just electronically.
Since this payment system uses your checking account, you’ll want to be sure that your account has enough money in it to cover the eCheck.
Generally, funds are verified within 24 to 48 hours of the transaction being initiated. As long as the payer (that’s you) has the funds available in their checking/bank account, the transaction is cleared within 3 to 5 business days and we’ll ship your order.
To pay for your order by eCheck, you’ll need your account routing number, and your account number. These numbers can be found on any check.
To complete your order, you’ll be redirected to our Green eCheck payment processing page where you’ll enter your routing and account number. You’ll click “Accept” and be routed back to Seven Points for your order’s conformation.
And that’s it! We hope you’ll agree that paying by eCheck is simple, safe and secure.
We look forward to filling your order,
The Seven Points Team