Echecks, quite simply, are digital versions of the old paper check. How do eChecks work? acceptance such as confirmation click or some other means (signed contract, etc). How eChecks Work. eChecks work the same way a check does. Overview · The Electronic Check · What is eCheck technology?. An eCheck is an electronic payment funded by the buyer's bank account. With an Both eChecks and Instant Transfers are ways to pay with your bank account. With an Did this help? What does the status of my sent payments mean?. I have found a lot of eChecks do bounce so don't send the item until it has cleared. I would maybe send a message to the buyer letting them. If the buyer would like to change the payment method, it is possible to cancel the e-check link located at the bottom of the payment in your Paypal account so that the buyer can resend the payment using a credit card. Check Direct Deposit Substitute Check Check Representment Checking Account Accounts Receivable Conversion Search Home About Free Trial. PaySimple PaySimple is the leading provider of Service Commerce solutions, supporting the success of thousands of SMBs across the country. How to Void a Check - Avoid Fraud and Unauthorized Home About Free Trial. How Two Best Friends Built a Business Together. Customers can record eChecks in checkbook registers in the same way that they record paper checks. Work With Investopedia About Us Advertise With Us Write For Us Contact Us Careers. In order texas rangers blue send an electronic payment, the person to whom you are sending the payment needs to have an ACH merchant account. Your browser is out of date. Best rated Best when creating a list of items ex: Xoom is now part of the Paypal family. The payment funds are usually deposited anywhere between 3 to 5 business days after the ACH transaction is initiated by the payment gateway. Regional Check Processing Center Disclaimer This site may be compensated through third party advertisers. We offer detailed guides about getting loans, fixing your credit, opening bank accounts, investing money, paying taxes, etc.