Low Risk Payment Processing

Low-risk accounts provide merchants with superior credit card, eCheck and ACH processing
//Low Risk Payment Processing

Low Risk Payment Processing

First Class Low Risk Merchant Accounts, With Complimentary Services, No Set Up Fees And Fast Approval.

To banks, a First Class Low Risk Merchant is a company such as Walmart, Walt Disney World and Starbucks.

To TheECheck, every business that accepts payments in person is First Class!  Let TheECheck evaluate your merchant processing business no matter if you accept payments online or in person.

TheECheck’s low-risk accounts provide merchants with superior eCheck, ACH, Credit Card, and Prepaid Debit Card processing services for their eCommerce businesses.

eCommerce: Commonly known as Electronic Commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks.

Whether you’re a small, medium or large sized merchant, TheECheck’s unique account configuration can be tailored to reflect your processing needs. With offshore, global and onshore merchant accounts, TheECheck has the solution your company needs to accept secure payments online.

Offshore Merchant: Offshore means that the bank that processes your customer’s credit cards/eChecks is located in a different country than your business.

Onshore Merchant: Onshore means that the bank that processes your customer’s credit cards/eChecks is located in the same country that your business is located.

Low Risk Account Features:

eCheck, ACH, Credit Card, and Prepaid Debit Card, Referral Agent, White Label and Payment Services

eCheck: An electronic version or representation of a paper check. The account holder writes an echeck using a computer or other type of electronic device and transmits the echeck to the payee electronically.

ACH aka Automated Clearing House: An electronic network for financial transactions in the United States that result in money being placed in the receiver’s account at the destination financial institution. ACH payments are simply electronic transfers from one account to another.

Credit Card: A MasterCard, VISA or other credit cards that are issued by a bank. A credit card is a plastic card with a credit limit, which is used to purchase goods and services and to obtain cash advances on credit, for which a cardholder is subsequently billed by an issuing institution for repayment of the credit extended.

Prepaid Debit Card: A credit card with a pre-deposited balance, like a store gift card. These are generally used to control spending. These differ from credit cards in that they require no credit check, nor do the issuers report to credit bureaus.

Real Time Payment Processing: The act of Data Processing that appears to take place, or actually takes place, instantaneously upon data entry or receipt of a command. The processing of transactions the instant each is received by, or entered into, a computer system.

VT aka Virtual Terminal: Transactions where a cardholder orders goods/services from a merchant by telephone, by mail, or by other similar means, and neither of the card nor the cardholder is present at the merchant outlet. Virtual Terminal (VT): Feature that gives the merchant the ability to manually enter an order/transaction into the system.

API Integration: API integration is designed for ecommerce businesses. So you can integrate your existing payment system directly with our gateway, ultimately saving you time and money. Our easy Integration allows merchants of all sizes to easily connect to TheECheck.com Payment Gateway.

Referral Agent: A referral agent is a person who makes money by referring customers or clients to a business or individual who can meet their needs. The duties of a referral agent may vary, but for many, the primary focus of the job is to generate leads. This means they spend time looking for individuals or businesses who are interested in a particular service or product and referring them to businesses or individuals who can fulfill their needs.

White Label Account: A payment processor integrates their existing payment gateway with TheECheck.com gateway. The White Label boards merchants who process transactions through the White Label’s gateway. The merchants do not know that TheECheck.com is the payment processor. TheECheck.com provides a set rate for the White Label and the White Label then quotes rates to their merchants. TheECheck.com does not communicate with the White Label’s merchants at all.

Recurring Billing Services: A feature that lets you bill a customer’s credit card a fixed amount on a regular basis for recurring services, such as membership fees, insurance premiums, or subscriptions.

Offshore, Onshore And Global Accounts: Offshore Merchant: Offshore means that the bank that processes your customer’s credit cards/eChecks is located in a different country than your business. Onshore means that the bank that processes your customer’s credit cards/eChecks is located in the same country that your business is located.

Advanced Anti-Fraud Security Services: When Fraud Protection is on, the URL of each Web site you visit is compared against a database of known fraudulent sites. If the URL matches one in the online fraud database, or if the URL is associated with a domain that is known to host such scams, the website is blocked, and a message is displayed within the browser window.

Advanced Statistics And Reporting: TheECheck’s proprietary reporting interface provides merchants with real time information across all their accounts, cardholders and processing activities. With configurable functionality to suit your needs, TheECheck provides you with a vast selection of online reports, including transaction statistics, sales, refund and fee reports, chargeback reports, full transaction listings, calendar activity and more. In addition to transaction reporting, all merchants are provided with account management abilities through TheECheck’s robust Merchant Backend. Here merchants can search for individual transactions, set user permissions, process manual payments (VT), issue refunds, view payment ledgers and view the status of their rolling reserve.

24 Hour Customer Support: If you are in need of any assistance please know that you can call on any of us at TheECheck to assist you twenty-four hours a day, seven days a week aka 24/7.

What kind of payments can I accept with TheECheck?

As a TheECheck Low Risk Merchant, you will be able to provide the following payment services to your customers:

Web Payments: Online eCheck, ACH, Credit Card, Prepaid Debit Card payments.

eCheck aka Electronic Check: Electronic check conversion is the process of converting a consumer check payment into an electronic payment, using the customer’s checking account number and routing number of their financial institution. Funds will be electronically debited from the customer’s account.

ACH aka Automated Clearing House: An electronic network for financial transactions in the United States that result in money being placed in the receiver’s account at the destination financial institution.  ACH payments are simply electronic transfers from one account to another.

Credit Card: A MasterCard, VISA or other credit cards that are issued by a bank. A credit card is a plastic card with a credit limit, which is used to purchase goods and services and to obtain cash advances on credit, for which a cardholder is subsequently billed by an issuing institution for repayment of the credit extended.

Prepaid Debit Card: A credit card with a pre-deposited balance, like a store gift card. These are generally used to control spending. These differ from credit cards in that they require no credit check, nor do the issuers report to credit bureaus.

VT aka Virtual Terminal Payments: Phone, fax and mail order payments. VT: Payments made where a cardholder orders goods/services from a merchant by telephone, by mail, or by other similar means, and neither the card nor the cardholder is present at the merchant outlet.

Mobile Payments: The ability to process eCheck, ACH, and Credit Card payments from your mobile phone.

Am I A Low Risk Merchant?

Low Risk Merchants generally have a low percentage of sales credits and low chargeback rates. Factors associated with low risk merchants are usually positive and receive favorable consideration in the acceptance process. Examples of a Low Risk Merchant: restaurant, dentist, nursery, etc.

TheECheck processes for merchants across all low risk and general eCommerce industries, regardless of their location or processing volume size. We currently support low risk merchants from almost every industry, including the following and more:

Retail (online)

Hospitality and Accommodation

Ticketing and Events

Subscriptions

Digital Content/ Online Communications

Industry Associations and Directories

Online Games

Not For Profit and Charity Organizations

Clubs and Buying Groups