What is Check 21 Processing

Check 21 processing is the process of submitting or depositing checks electronically.

Needless to say this makes check processing and clearance faster and more efficient for both the bank and the merchant when compared to physically transporting the original paper checks from the bank where the checks are deposited to the bank that pays them.

What are the benefits of Check 21 Processing

Check 21 Processing allows our merchants to accept and process check payments online through their websites or a virtual terminal. It provides an alternate solution to credit card processing enabling customer who do not hold a credit card to purchase goods and services from our merchants.

Electronic check payments account for more than 20% of internet payment transactions and more than 70% of all B2B (business to business) transactions are paid by check.