This electronic payment method is known by many names: electronic check, ACH (Automated Clearing House), and bank-to-bank transfer. When researching which electronic payment methods that you would like to make available to your members, we highly recommend accepting electronic check payments for the following reasons:
To begin accepting electronic check payments via Farmigo, click here learn how to set up an account with CheckGateway. CheckGateway process all electronic check payments for Farmigo customers.
PLEASE NOTE: Electronic check is not available in Canada.
Click "Read More" to read the rest of this tip.
- Saves you time and money
- Fully integrated and proven customer interface
- It’s Secure!
To begin accepting electronic check payments via Farmigo, click here learn how to set up an account with CheckGateway. CheckGateway process all electronic check payments for Farmigo customers.
PLEASE NOTE: Electronic check is not available in Canada.
Click "Read More" to read the rest of this tip.
Economics
Electronic check is the least expensive method to accept electronic payments via Farmigo. There is no setup or monthly fee required for creating and maintaining a CheckGateway account. Then, the transaction fee is only $0.30 plus 1% of the value of the transaction - PayPal charges $0.30 plus 2.99% on average.
Even if you are only accepting paper checks right now this is an economical choice. Accepting electronic payments saves you time and energy. Instead of recording the receipt of each check, the Farmigo system will update the status each electronic check payment automatically. Since customers enter their payment information at the same time that they set up their order, you don’t have to worry about chasing them down and constantly reminding them to send payment.
Customer-Friendly
The interface for accepting bank-to-bank transfers is fully integrated into your Farmigo interface and is easy for your customers to use. They only need to enter 3 things - their bank account number, routing number, and the last four digits of their social security number.
Security for You and Your Members
We are always researching new payment methods such as Dwolla and PaywithmyBank, but we do not want to add new experimental payment systems until they have been well proven in the market. These new payment methods often have a unique payment interface that consumers aren’t familiar with. When customers are confronted with an unfamiliar payment interface, they are hesitant to use it and may decide not to complete a purchase because of it.
All electronic payment transaction processed through Farmigo are 100% PCI compliant to ensure the security of your members sensitive payment information. Once Checkgateway receives the payment information in order to process the payment, they take this security to another level.
Payments are verified in real-time to confirm the validity of the financial institution and bank account holder, while searching a national database of returned and bounced checks. Checkgateway integrates advanced screening databases to ensure the highest level of integrity for all online transactions. And they are always researching the latest scams and improving their algorithms and process to prevent identity theft or fraud.
Please visit www.checkgateway.com for more information.
Farmigo always has an eye out for payment options that are inexpensive for our customers, easy for members to use, and offer security of payment information. Electronic check meets these 3 requirements. To learn more about accepting electronic check payments via your Farmigo system, click here.
Payments are verified in real-time to confirm the validity of the financial institution and bank account holder, while searching a national database of returned and bounced checks. Checkgateway integrates advanced screening databases to ensure the highest level of integrity for all online transactions. And they are always researching the latest scams and improving their algorithms and process to prevent identity theft or fraud.
Please visit www.checkgateway.com for more information.
Farmigo always has an eye out for payment options that are inexpensive for our customers, easy for members to use, and offer security of payment information. Electronic check meets these 3 requirements. To learn more about accepting electronic check payments via your Farmigo system, click here.