Pharmacy eCheck account
Pharmacy echeck processing is a requirement for any professional online pharmacy. Opening and keeping pharmacy credit card processing accounts active has always been an issue for the industry. Merchants that are able to accept alternative payments will keep their customer base purchasing from them, even if their credit card processing account is closed.
There are a number of benefits for accepting echeck payments versus credit card payments. The rates are much lower, sometimes one third to one half the cost of their current credit card merchant account. Chargebacks are more difficult. It is much more difficult for a customer to chargeback an echeck payment. They physically need to go to their bank and sign a form. Payments are much faster. Payouts to pharmacy merchants are done normally one week behind where with certain pharmacy merchant accounts it is one to three weeks behind.
Integration and security is never an issue with echecks as well. Merchants will choose if they want to upload the transactions daily in a batch or integrate the echeck processing with their pharmacy website, or both. Pharmacy echeck accounts are quickly approved and setup. Contact our office today to see how we can help your pharmacy business accept echeck payments.