|
|
|||||
|
|
|
|
|
|
|
 |
|
 |
 |
||
| The differences between ACH and Check 21 can have a significant impact on the way you do business. Compared to ACH, Check 21 is a far greater service and technology for business to business use or business to consumer use.. | ||
| 1. Payment to Merchant: • ACH: Payment sent to merchant by ACH broker. • Check 21: Payment sent direct to merchant by clients bank sameday. No middleman or broker receives funds. 2. Payment to Electronic Check Provider: • ACH: Service fees are removed by ACH Broker before any payment to merchant is made. • Check 21: Service fees are sent by merchant to Check 21, LLC 3. Eligible Transactions: • ACH: Consumer Checks Only. • Check 21: Business Checks, Personal Checks, Cashier Checks, and Money Orders. 4. Dispute Type: • ACH: A consumer can dispute a transaction by phone. • Check 21: A consumer must visit his local bank branch and fill out a dispute form or affidavit with his claim. 5. Dispute Window: • ACH: Consumers have 60 days to dispute any transaction. • Check 21: Consumers have only 40 days to dispute any transaction. |
||
| Check21.com LLC © 2009 |