How to process ACH or Check21 at low cost and with low risk

Here is the secret on how to process ACH or Check21 at low cost and with low
risk:

With Payment21®’s fraud prevention services merchants and consumers are at ease. Our customizable Verification Loop™ and proprietary Mitigation Monitor ™ (patent pending) reduces return rates significantly - making Payment21R the most economical check processing solution overall.

Processing checks online without using an integrated risk mitigation service bears the risk of high return rates and as a result substantial cost in return fees and revenue losses.

The below example shows two scenarios:

Scenario Payment21® Instant eCheck™ processing including fraud prevention
Volume: 1000 transactions
Price: $1.00 per transaction
Return Fee: $15.00

Scenario Competitor Online ACH Processing w/o fraud prevention resulting in a return rate of 7%
Volume: 1000 transactions
Price: $0.50 per transaction
Return Fee: $15.00

Advantage of using Payment21® Instant eCheck™ processing including fraud prevention

Thanks to the customizable Verification Loop™ and the Proprietary Mitigation Monitor™ (patent pending) merchants are able to reduce the return rate from 7% down to 1%.

  • This scenario comes down to savings of $450.00 on every 1000 transactions.
  • Check processing without fraud prevention results in higher total losses.
  • Marginal Utility at 4% return rate means as soon as the return rate is lower than 4% you are cheaper with Payment21®.
  • Less hassle and happy customers.

Begin accepting digital payments in 5 easy steps