MyECheck Inc. is a financial electronic transaction processor and provider of alternative payment solutions for Internet and mobile commerce. In today’s turbulent economy, cash and electronic transactions are the preferred method of payment by vendors, and surveys show that consumers like using checks. A perfect solution is MyECheck, and the company provides a variety of services that can be used by vendors to expedite check clearing and availability, reduce risk, improve cash flow and provide greater confidence in successful transactions.
These services are available for many applications and can be used for transactions made over the Internet, or the phone. They can also be used for recurring payments and batch payments. These services are compatible with bank accounts in over 120 countries and facilitate fund transfers from 21 different currencies. The methodology employed by MyECheck prevents consumer-initiated repudiation and chargebacks, eliminating most types of international payment fraud.
MyECheck also offers several value-added services as an option to customers. Their Financial Verification Services, or FVS for short, allow MyECheck to verify the status of the customer’s bank account and determine if the customer is a recent check bouncer. The Guaranteed International Payments plan, GIP, offered by MyECheck guarantees payment internationally within 2 to 3 days and will perform a low-cost, foreign currency exchange when needed.
In addition to FVS, MyECheck offers an Identity Validation Service which can be purchased at three different levels. These levels vary from a basic identification check all the way to an in-depth validation report. Finally, MyECheck offers a collections and guarantee service which provides a cost-free, fully integrated collections service, and for a minimum fee can provide a payment guarantee. All of these features are helping to restore confidence to the growing list of vendors signing up with MyECheck.
Let us hear your thoughts: MyECheck Message Board