Electracash ::: Products & Services

By: Electracash  09-12-2011
Keywords: Automated Clearing House, Deposit Processing, Direct Deposit Processing,

Electracash is a payments processor offering a range of options for non-face-to-face merchants. Our services include:

  • Check Debit Processing - Electracash processes Check Debit payments for both business-to-business and business-to-consumer transactions, for U.S. and Canadian accountholders. This includes:
    • ACH eChecks – processing of check payments over the internet using the ACH system.
    • Check21 Service – the creation of full, exact check images from payment data entered at a merchant’s web site, processed through the Check 21 system.
  • Direct Deposit Processing – Electracash processes Direct Deposits initiated and received within the United States. For Direct Deposit funds being sent to or from outside the United States, Electracash uses wire transfer services to complete the transactions.
  • Canadian EFT Processing – for checking accounts held in Canadian banks.
  • Credit Card Processing - for the largest global brands.

Check Debit

Check Debit via Electracash enables merchants to capture more sales from consumers and businesses in the US and Canada. By including Check Debit as a payment option, businesses are able to serve the 87.3% of US households that have checking accounts1, including the approximately 25.7 million U.S. households that do not have a credit card2. In addition to increasing e-Retailing sales, Check Debit is also well suited for recurring payments such as monthly fees and membership.

Electracash processes Check Debit payments through the Automated Clearing House (ACH) and the Federal Reserve System.

ACH eChecks

Electracash’s Check21 Service

Credit Cards

Direct Deposit

Canadian EFT

Keywords: Automated Clearing House, Deposit Processing, Direct Deposit Processing,