High Risk Echeck Processing

High Risk Echeck Processing

Are you a high risk merchant struggling with regular credit card processors? At QuadraPay, we get it. We know it's tough to find payment solutions that fit your business. We understand your worries. Our goal is simple: we want to provide you with a reliable high risk echeck processing account to help you grow your business. Count on QuadraPay as your high risk echeck processor.
High Risk Echeck Merchant Account

Get a stable echeck gateway that can offer better chargeback tolerance than card processors. Secure your business with better check processing.

A1 High Risk Check 21 Processing

Don't pay any monthly fees or annual fees. Get started with an eCheck gateway that believes in your business and does not demand upfront fees.

Bettter High Risk Echeck Processing

Partner with QuadraPay. We have been serving merchants like you since the year 2016. Get solid payment solutions that are inexpensive.

Stable High Risk Echeck Gateway

No need to pay any setup fee to start using our high risk echeck gateway. Start accepting payments and only pay for what you transact.

QuadraPay: Your partner for high risk echeck processing

We provide our merchants a fantastic experience by offering a fully automated high risk echeck processing gateway backed by multiple processing channels. The availability of numerous processing channels helps high risk merchants process unlimited transactions using the echeck gateway. Merchants can 100% rely on our solutions for smooth transaction processing, even during peak business hours.

Our high risk echeck merchant account provides multiple sales channels and recurring billing options for better flexibility. With multiple payment channels, merchants can reach various sets of customers. Our rates are competitive, with a high threshold for chargebacks and return ratios, making our soultion one of the best high risk echeck gateway solutions.

QuadraPay’s high risk echeck payment gateway is an omnichannel payment solution with a built-in virtual terminal. This feature allows merchants to accept payments across multiple modes, including websites, email, face-to-face, and over the phone. Our advanced substitute check gateway is a bulletproof shield for our merchants, tirelessly ensuring security and reducing fraudulent transactions.

The gateway’s built-in comprehensive reporting and analytics tool provides a detailed display of transactions. This analytics tool helps our merchants make informed decisions. With the built-in two-factor authentication, our merchants can rest assured that no one else can access their high risk echeck payment gateway, further strengthening our promise for secure transactions.

What Is High risk echeck processing?

High risk echeck processing refers to the electronic processing of checks in industries considered high risk by banks and other financial institutions. These industries are more likely to experience chargebacks, fraud, and other financial risks, so regular banks and payment processors do not offer merchant processing facilities to businesses in such industries.

Our echeck processing solutions are designed to meet merchants’ expectations from these industries and provide them with a reliable way of accepting payments. High risk echeck processing accounts include advanced features like fraud detection, increased chargeback thresholds, and unlimited transaction volume limit. All these features make our payment gateway a perfect choice for businesses in various industries.

QuadraPay offers four powerful payment modes with high risk echeck processing.

With our high risk echeck processing solution, merchants gain access to four robust payment modes that enable them to increase their sales volume. These echeck payment modes benefit dynamic merchants who wish to accept payments through multiple sales channels. Let’s explore all of these options.

Face-to-Face Echeck Payments: This echeck payment option empowers merchants to accept in-store payments. Customers provide the necessary details to the merchant, who initiates the transaction using a virtual terminal. Our echeck virtual terminal is ideal for merchants operating businesses on the go. This mode is extremely popular with businesses in trade shows, consulting services, HVAC, freelancers, contractors, wholesale, equipment rental, and event management sectors.

Web-Based Echeck Payment Option: Our ecommerce API creates an echeck payment option on the checkout page where customers enter their account and routing numbers to proceed with the transaction. Our comprehensive API document is remarkably advantageous for integrating popular content management systems like WordPress, WooCommerce, Magento, Joomla, and more.

Pay by Echeck over Email: This facility allows customers to receive a payment link via email. Upon clicking the link, customers are directed to an echeck payment page where they can securely fill in their electronic check transaction details.

Echeck by Phone: For call centers seeking to accept electronic check payments, we offer the Pay by Phone echeck facility. Call center executives can collect echeck information securely and submit the transaction details to the Pay by Phone virtual terminal. Keep in mind that this feature requires additional scrutiny.

Security features of a high risk echeck processing gateway

Our high risk echeck payment gateway comes with various features to enhance transaction security. These features provide peace of mind to high risk merchants when processing echeck transactions. Let’s look at a few most in-demand features.

Advanced risk mitigation tools help protect merchants from fraud, chargebacks, and financial losses. Regular transaction monitoring, fraud detection algorithms, and identity verification tools are implemented to safeguard merchant accounts.

Built-in tools enable us to offer a higher threshold for chargebacks and returns for electronic check payments. This reduces the impact on merchants operations compared to regular high risk credit card processing.

Highly secure data encryption technology ensures that transaction information is encrypted and protected during transmission from one IP to another. Throughout the transaction process and data movement from the customer’s website to the gateway, the focus is ensuring data integrity and preventing unauthorized access or breaches.

Authentication features, including multi-factor authentication and voice verification, reduce unauthorized transactions and enhance processing security.

To ensure compliance, our high risk echeck processing solutions comply with top industry regulations such as GDPR and CCPA. These industry compliance measures help ensure the privacy and confidentiality of all parties involved in processing high risk echeck transactions.

Features and benefits of high risk echeck processing

High risk echeck processing offers a variety of features tailored to meet the unique needs of businesses operating in high risk industries. These features empower high risk merchants when it comes to accepting online payments. Let’s examine the most critical features and benefits of high-risk processing.

The gateway uses various measures to reduce the risk to the account. It offers a very high chargeback and dispute ratio compared to credit card processing. In traditional credit card merchant accounts, businesses can see the account getting shut down if the chargeback ratio increases by one percent. However, with electronic checks, the account remains generally stable even if the chargebacks exceed 3%. This kind of account is especially beneficial for merchants on the MATCH list.

With high risk echeck processing, merchants can reduce the delay typically associated with physical checks. Businesses can access cash faster than they traditionally did.

Our high risk echeck processing gateway offers flexible payment processing solutions. This includes the ability to accept tiny transactions or huge transactions. It also can accept recurring transactions. This gateway can help you process an unlimited volume of sales.

Fees for high risk echeck processing

A transparent fee structure is crucial for high risk merchants seeking an efficient payment solution. Low transaction fees play a significant role in helping high risk merchants reduce expenses and increase profits. At QuadraPay, we prioritize offering a transparent pricing structure to our merchants, clearly defining all rates and fees associated with our high risk echeck payment gateway. This transparency empowers our merchants to make informed decisions by understanding all the costs involved.

Our rates and fees vary depending on the industry in which the businesses operate. Some factors common to low and high risk merchants include waived set-up fees and no monthly fee for gateway usage. However, transaction fees differ between low and high-risk merchants. While low risk merchants typically have a transaction fee of 0.75%, high-risk merchants may face higher transaction fees. Exact pricing for high risk echeck processing can only be determined after reviewing the merchant’s complete risk profile. For a comprehensive quote, we encourage you to contact us today, and we will provide you with the information within the next 24 hours.

High risk echeck processing supports various industries.

Businesses in different industries often need help securing a credit card processing account due to being perceived as risky. Fortunately, there’s an alternative payment method called echeck, which is accessible to most merchants. Industries such as nutraceuticals, pharmacy, peptides, debt collection, PC support, and payday loans depend highly on echeck processing.

FAQ High risk echeck processing

What factors contribute to the popularity of echeck as a payment method among American consumers?

Millions of American customers still need access to well-known credit and debit cards. However, these customers mostly have access to a regular bank account. The unavailability of credit and debit cards makes electronic checks extremely popular among American consumers. Echeck is a highly trustworthy payment solution that provides automated bank account debits and simplifies e-commerce purchases.

How does echeck work on WordPress and WooCommerce sites?

Our echeck solution is compatible with WordPress and WooCommerce websites. An echeck transaction is straightforward. The customer selects the product on the merchant’s website and adds it to the cart. On the cart page, the customer selects echeck as their preferred mode of payment. The customer submits details (account number, routing number, name, address, and email) on the checkout page. After hitting the submit button, the order is set to processing mode, and in near real-time, the transaction is validated for account number check, routing number check, and fund availability check. If checks go fine, the customer gets an order success message. An error message will be shown on the validation fails.

What is the dispute period for echeck transactions?

Echeck payment processing offers various benefits. One of the critical benefits for buyers and merchants is the 60-day dispute window. With echeck payment processing, disagreements can occur within 60 days. Merchants need to be aware of this timeline to respond to any disputes.

Is recurring billing possible with an echeck?

Yes! With echeck payment processing, a merchant can offer recurring billing facilities to customers. With echeck, merchants can accept one-time and regular payments. A merchant can set up recurring payments by keying the customer’s details into the virtual terminal. It can also be done through an email invoice or through a website where the customer fills in the details and opts for recurring billing.

How can I integrate e-check with my shopping cart?

With our e-check gateway, you will get access to a ready-made plugin for WordPress and WooCommerce. This plugin is perfect for integration with shopping carts. To integrate the plugin, all you have to do is upload it to your e-commerce platform and update a few settings. That should be it. We also provide a detailed API document that will help you integrate e-check with custom shopping carts. For custom integration, you will need to write code for integration. Our API supports ASP.net and PHP codes for integration.

Get Peace of Mind with High Risk Echeck Merchant Account

Start accepting payments hassle free with QuadraPay's High risk echeck payment gateway. No upfront fees. No hassle. Grow your business today!