Immediately or on a schedule of their making, how and when they get their funds is totally up to them.
OVERVIEW
When receiving an eCheck payment from Deluxe Payment Exchange, recipients can print as a check or utilize Deposit Services. They don’t need to decide before they receive the payment, but instead they can make that call after they get the payment notification.
Deposit Services allows recipients to choose how to accept the funds. They can use direct deposit, deposit to a debit card, or deposit to PayPal.
Happier recipients provide better service to your business. Access eCheck funds quickly, or on their own time - it’s their choice. Please note: There is a convenience fee to use Deposit Services.
FEATURES & BENEFITS
Recipients can rest easy knowing that the eCheck payment will be available in their account for almost immediate use.
Recipients can now retrieve and deposit funds whenever and wherever they are.
No printer? No problem. Deliver funds to a payee’s bank account electronically.
Their remittance information and attachments travel with the payment, regardless of how they choose to accept the payment.
KEY BENEFITS
When available, recipients can access funds fast with Deposit Services. In minutes, the funds are guaranteed and available in the payee’s bank account, for a small fee with no need to print the eCheck, and no need to wait one, two, or even up to 10 days for a check to clear.
This paperless, flexible process makes it easier for money to be moved around without needing to visit the branch and take up the time of the bank or credit union employees and its customers.
They can print the eCheck from any printer and deposit at a bank, just like a paper check. There’s no charge, and funds are available according to the bank’s processing schedule.
HOW IT WORKS
Complete a one-time registration process (takes 2 minutes).
Add payment method credentials (recipient can add different options, and choose each time to receive a payment how to deposit it).
Access the attachments and remittance. Recipient can then choose how they want to access the funds from the one of the selections available in Deposit Services.
MORE SOLUTIONS
Put the power of the Deluxe Payment Exchange in the palm of your hand. With the eChecks Mobile Checkbook app, you’re in total control of your payments. Whether you’re on the go or paying at the last-minute, you’re able to send and receive payments, digitally, in a matter of seconds.
Go 100% digital when you pay with eChecks. All you need is an email to send your payment and recipients are given options as to how they’d like to receive it.
Request a free demo
Simply fill out the form and one of our experts will reach out to help you get started.
RESOURCES
Recipients and payees receive a notification email that contains a secure link to their check. All they need to do is click the green box to retrieve it.
First-time recipients can view a quick introduction that answers common questions about eChecks. Otherwise, they’re free to preview the check through a secure online portal. Your bank account and routing numbers are hidden until the eCheck is printed.
Print from any home or office printer, on plain white paper, at any time within 90 days of receipt. No need for recipients to ever enter their banking information, and no fees or obligations to receive their payments.
After cutting along the dotted line and endorsing the back, the recipient can deposit the eCheck with their bank or credit union via ATM or using Remote Deposit Capture on a smartphone. When available, if the recipient needs access to an eCheck payment even faster, they can opt in for those funds to be deposited to their bank account in minutes by using Deposit Services that include direct deposit, deposit to a debit card, or deposit to PayPal.
The majority of transactions will be funded within 30 minutes, but it could take up to 2 business days. The funds availability timing for the initial transaction will generally be indicative of future transactions for the account you set up. A small fee will be charged to the eCheck recipient for each eDeposit. Check clearing provided by our partner bank.
Every time a payee receives an eCheck, they can choose how quickly to access their funds by either printing the eCheck and depositing at a bank or selecting the Deposit Services option for money made available in minutes. Payees can switch it up to suit their schedule, every time.
Every time a recipient uses Deposit Services, they pay a small fee that is conveniently deducted right from the transaction. There’s no subscription or set-up fee, and no obligation to use Deposit Services for future eChecks payments.
Deposit Services gives payees the power to choose how quickly they want to access their payment. Recipients can rest easy knowing that funds from qualifying eCheck payments will be available in their account in minutes. Once those guaranteed funds are in the recipient’s account, they are theirs to keep and use.
With Instant Funds: In most instances, funds are available in minutes, but can sometimes take up to 30 minutes.
In rare cases, it could take up to 2 days.
With Direct Deposit: In most instances, funds are available the next business day. In some cases, it could take up to 3 days.
With Deposit to PayPal: In most instances, funds are available in minutes, but can sometimes take up to 30 minutes.
No. Recipents can use Deposit Services to deposit via direct deposit, deposit to a debit card, or deposit to PayPal.
