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| □ | eChecks save you money! -- Processing fees are typically less for eChecks than other forms of electronic payment, saving your organization money. We highly recommend suggesting this form of payment to your registrants. |
| □ | E-checks allow people to make a payment online using the routing and account numbers from a bank account. As soon as the transaction takes place it is recorded immediately within the management system, but the money is not deducted from their account until the payment is confirmed by the registrants bank. This process can take up to several weeks. |
| □ | When E-Checks are submitted by a registrant the account is checked to make sure available funds exist for the transaction and that there are no holds on the account. while we check at the time of purchase that funds exist, unlike credit or debit cards that reserve that money and set it aside, e-checks don’t set aside the cash, and don’t process right away, it takes time for the bank to receive the transaction and then transfer the money. If the customer closes their account or makes a large withdrawal, not leaving enough cash in their account between the initial online transaction and when the bank processes the e-check, Thriva receives a return document saying the account does’t exist or has Non Sufficient Funds. |
| □ | The management system treats E-checks identical to a paper check, therefore when issuing a refund to E-Check payments, you must mail a check to in order to complete the transaction. |
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