eChecks

Do customers use them?

[Tonearm]

Has anyone implemented echeck processing on their site? Do customers use it much?

[limoshawn]

We give the option; it's not used very often, maybe 1 out of 200 transactions. Biggest problem for us is that about 20% of them never clear.

[Corey Bryant]

For some reason, around this time of the year - a few merchants implement this and then take it off in about 5-6 months.

The biggest problem with the checks though is clearing. It might take a few days to clear and it is not like accepting a credit card - where he money is yours. The e-check could bounce. Or the transaction could be canceled / rejected

-Corey

[RailMan]

i dont see the point of echecks now that most people have credit / debit cards ... think its something like 160 million credit and debit cards in the UK alone - thats probably about 4 cards per adult in the UK on average ....

[DamonHD]

The UK has a very high credit card penetration rate, but that simply is not the case everywhere, for example Germany and Italy are *much* lower IIRC, so the need for alternatives exists.

Also, you cannot have a *credit* card until you are 18 in the UK, though you can have a chequebook much younger: I had one at 16 for example.

Rgds

Damon

[corbing]

For some reason, around this time of the year - a few merchants implement this and then take it off in about 5-6 months.

I imagine the original question was sparked by Authorize.Net requiring you to either Accept or Decline a sign-up for eCheck when you login to their system as of Tuesday. I've been clicking ignore, but after a bit of research clicked "Decline" when I logged in this morning.

[Corey Bryant]

no most of our merchants don't use the gateway that you mentioned corbing. But it is like this every year - people sign up for it for a few months and then take it off after some months

-Corey

[Essex_boy]

Its very, very rare ive only had around 4 in three years, 2 of those bounced if I recall correctly.

[lgn1]

I tried it for a while. Used rarely and when it was used about 15% bounced, so we took it off.

With PrePaid Credit Cards, even people with bad credit can pay by credit card, which basically leaves the fraudsters who are trying to rip you off.