Both cChecks & ACH can be used to transfer money from one bank account to another.
- Same day approval and setup
- Clear overnight or within 2 business days
- Work with all types of bank accounts
- No transaction limit
- Finality of payment as its harder for your customer to dispute.
- Settlement time is 72 hours. Funding time can be as fast as same day or delayed determined by risk.
- Transaction limit set by underwriting
- Chargebacks are similar to credit card processing
eChecks will have a checking number and image of the Check in the Payor's bank account as opposed to ACH which will have 16 characters of text.