I would like the vistors of my sites to have the oportunity to buy
membership or merchandise with their bank accounts.The amount will be
between 50 and 2000$(for merchandise).This is not the same thing with
the online checks from what i ve discovered searching the net.So don t
give me anything about Online checks.Thanks again.

---

Request for Question Clarification by missy-ga on 11 Sep 2003 14:34 PDT

Just to be certain, you're looking for Direct Debit (ACH) processors?

--Missy

---

Request for Question Clarification by missy-ga on 11 Sep 2003 22:42 PDT

Hello again,

Would you mind telling me just what it is you've learned about online
checks?

I ask because ACH processing (which allows for direct debit of a
consumer's checking account) is virtually synonymous with online
checks - the customer provides his bank routing and checking account
numbers, which are submitted to the Automated Clearing House for
processing.  When processing is complete, the money is transferred
directly from the customer's checking account to the merchant's bank
account (usually within 3 days or less).

[ This is why the transaction is often called an online check, even
though it's really an Electronic Funds Transfer. ]

Do you require ACH processors that will allow you to debit savings
accounts as well?  This might be tricky - I've only located two such. 
It's apparently more cost effective for merchants to only accept
direct debits from checking accounts.

Please advise as how you'd like to proceed.

--Missy

---

Clarification of Question by adultoperations-ga on 12 Sep 2003 04:55 PDT

I need everything you got and will not be a problem if you give me
just 2 for savings accounts.Thanks.

Hello!

What you're looking for is electronic funds transfer (EFT) payment
processing through the ACH system.  This is sometimes referred to as
"electronic checks" (many online services refer to this as an eCheck,
iCheck or Online Check), but some electronic funds transfers (EFT) can
be drawn from savings as well as checking accounts.

ACH check acceptance is the more common service - very few ACH-EFT
processors for merchants handle savings account debits - so the term
"online check" has become synonymous with ACH processing.  The key
difference between a traditional online check and ACH processors is
that traditional online check processors collect the customer's
information, then print an actual check and mail it to you, while ACH
transactions are 100% electronic.

With an ACH-EFT processor, your customers can submit their account
information (savings or checking) through your payment interface to
make payments directly from their bank accounts, with no need for
paper or telephone transactions.  In most instances, the money is then
transferred securely to *your* account within three business days. 
Additionally, ACH-EFT processing costs are typically lower than credit
card merchant account fees, making ACH processing more cost effective,
and friendlier to your bottom line.

See here for a comparison:

ACH - EFT Cost vs BankCards
http://www.allianceach.com/ach_eft_vs_bankcards.asp

[ For more information about how the ACH system works, you might be
interested in a question I recently answered about the ACH network:

ACH (Automated Clearing House)
http://answers.google.com/answers/threadview?id=244497 ]

I've found a number of ACH processors for you, but only two that will
handle savings accounts as well as checking accounts.  Each company
requires that you contact them directly for a price quote, as most
charges vary by transaction volume:

Perhaps one of the most complete payment processing solutions I've
found is National Cash Management Systems' Virtual-e Pay terminal,
which handles EFT from checking or savings, eChecks and real time
credit card transactions through one interface, and allows for single
as well as recurring payments.

Virtual-e Pay Terminal
http://www.ach-eft-ncms.com/products/virtualE_pay_terminal/virtualE_pay_terminal.htm

Payment Resources International offers a similar service called
Transaction Central.  Customers can pay by credit card, or EFT from
checking or savings.

The service offers real time validation of bank routing and account
numbers, to ensure that you aren't defrauded.

Transaction Central
http://www.paymentresource.com/transactioncentral.asp

The following ACH processing companies tout themselves as "online
check" processors.  They do not, however, generate a paper check to
send to you (true online check acceptance), but instead process
through the ACH System, debiting the funds directly from the
customer's checking account, and depositing them in the merchant's
account (EFT transactions).

I recall from seeing a previous question of yours that your business
is adult oriented, so I have been careful to review each company's
policies to ensure that they do not explicitly exclude adult
businesses (many do).  As with the previous two, these companies
require that you contact them directly for more detailed information,
as fees will vary by transaction volume:

Universal Payment Services
Select Products & Services, then NetChex
http://www.universalpaymentsolutions.com/

eCheckNet
http://www.mktmkt.com/chekguar.html

NationalEFT
http://www.nationaleft.com/onlinecheckdemo2.html

EFTPro Electronic Gateway
http://www.eftpro.com/

1st ePay RediEFT
http://www.1stpaypoint.com/redieft.html

Associated Merchant Services EFT
http://www.internetmerchantaccountsforless.com/eft.htm

AcceptChecksNow (offers direct debit, PayByCheck (Offers both paper
drafts and ACH processing)
http://www.paybycheck.com/

AutoTrans EFT
http://www.authotrans.com/ateft.html

eCommerce Exchange ACH
http://www.ecx.com/html/content/ach.shtml

AgoraPay 
http://www.agorapay.com/

Web Transaction Services
http://www.achdebit.com/

LinkPoint Virtual Check
http://www.absolute-merchant-accounts.com/check_processing.htm

Impact Online
http://www.impact123.com/ach-onlinecheck-ov.html

Select Payment 
http://www.selectpayment.com/Merchants/Overview.asp?Info=merchants&Context=overview

CHEXpedite  
http://www.epaymentsystems.com/

ACHProcessor
http://www.achprocessor.com/

PayByWeb
http://www.paybyweb.com/mainsite/efts.asp

ACH-Payments (Custom Solutions)
http://www.ach-payments.com/ach-processing.htm

MerchantBiz ACH
http://merchantbiz.com/ach.htm

Check Gateway Direct Payment
http://www.checkgateway.com/index.aspx?MenuID=2

AlphaCheckExpress
http://www.alphacheckexpress.com/phonecheck_echeck_faxcheck.htm

I hope you find this information helpful.  If I can be of further
assistance, simply ask for clarification, and I’ll be glad to help you
out.

--Missy

Search terms [ EFT processor ], [ ACH processor ], [ accept EFT online
]

There are many Third party processors who provide checking and savings
account debiting

http://www.achdirect.com
http://www.intellefunds.com
http://www.ach-payments.com

Most Third party providers have the ability

Wayne

We would like to thank you for your previous responses.
The information has resulted in the saving of many young lives worldwide.
Our donation flow has increased and this will allow us to do more and
more needs to be done.
Micropayments, bill to your phone service providers, anonymous PINs,
ACH electronic checks, online debit drafts,etc. could be in our future
plans.
It is true that knowledge is power and it has the power to save lives.

Thanks again

Missy-ga
Your wealth of knowledge seems to be infinite.
What is the one question you not have been asked?

Hi pices65,

Thank you for your very kind words!  I must offer a tiny correction,
however - it's not that I know things, it's that I know how to *find*
things.  I like searching, it keeps my mind busy.

I'm sure there are zillions of questions I've not yet been asked.  Was
there something you wanted to ask?

--Missy