Benefits of Online Payment Services
In an online payment service, you accept electronic payments through different payment methods. There is no exchange of cash or checks. The payment is made and received online.
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Setting up the payment: payment information is fed into the online payment processing software. Payment confirmation and fund transfer: the payment is withdrawn from the payer's bank account and is deposited in the payee's bank account. It happens automatically, and a payment receipt is also sent to the payer.
Use the deposit services now available for eChecks. Places available to cash or deposit an eCheck. remote deposit, or taking a picture of the eCheck through banks mobile app. Deposits made at an ATM utilizing OCR technology. Inside the branch with a teller.