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Best Echeck Processing

Best Echeck Processing
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Josh Phelps
February 27, 2023


The best echeck processing provider gives you the resources to get approved fast and maintain low fees. These two major factors are key characteristics of Zen Payments . We have echeck processing solutions that will give you the ability to accept payment directly from bank accounts.

Top echeck processors can get you custom accounts based on your industry. Each business vertical has their own standards when it comes to payment processing. Moreover, some are better suited to have echeck merchant accounts instead of standard credit card processing.

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Get in touch: (877)-511-3402

What To Look For In an Echeck Merchant Account

Low Rate Echeck Processing

The lower the fees for echeck processing , the more money you save in the long run. Echeck is considered less risky and therefore has a lower premium. Talk to your merchant account provider and compare costs for the service.

Fast Approvals

You should be able to have fast or even automatic approvals when signing up for an echeck merchant account. Unlike credit card processing, banks don’t have to adhere to the standards Visa and Mastercard impose, so banks are less strict in their underwriting process.

Echeck Processing Industries

Certain industries are better suited to accept direct payments rather than credit card transactions . The list below details the industries best suited for echeck payments, but it’s not exhaustive. There are a few different reasons each benefits each share such as risk, cost, and consistency.

Apartment Rentals – Rentals agreements are often supported by credit history and background checks that companies run before renting out a residence. This is because the payments are high and they want to make sure renters qualify. You c an lower the risk of th is interaction by automating payments from a bank account instead of a credit transaction. Moreover, you

Coaching and Events – Coaching and events are excellent industries for echeck processing. Coaching can be in-person where the coach is a presenter at a conference, or online as a coaching educational service. Similarly events are billed as the occas ional high ticket item and should be secure with money transferred before the event if possible.

Gym Membership – Gym memberships are billed by the month and usually last for a year. This means there will be twelve transactions per member per year. Overall, you can save a lot of money by transferring these members to an echeck processing account . Billing directly from their bank account will not only lower your payment processing fees, but it also decreases chargebacks rates and results in more consistent payments from customers.

Subscription Billing – Subscription billing is one of the best industries f or echeck processing. E ach month your company relies on steady payments, and the best way to ensure that is to automate them from bank accounts. Credit card fees add up, but direct debit transactions are cost effective especially for ongoing billing models.

High Ticket Sales – If you sell items with a high ticket value, that means your average purchase can be upwards of $500. This adds risk to your merchant account becau se of the possibility of chargebacks and fraud. Automatically withdrawing cash via an echeck gives you a cost, time, and security advantage.

Get Started With
Zen Payments


Our merchant service specialists are the best in the business and will work with you from start to finish to get your account approved!

Ready to Start Proccesing?
Fill out this form and a merchant services representative will be in touch!

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Josh Phelps is an experienced sales professional with eight years of expertise, including four years in payment processing. Throughout his career, Josh has successfully secured approvals for thousands of businesses, demonstrating his skill in navigating and optimizing the payment processing landscape.


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