Discover the benefits
Fast and convenient funding
Enjoy fast access to funds in three to seven business days.
Less costly
Check handling labor and costly banking fees are eliminated. And, no more filing paper claims for bad checks.
Automated process
Automatic notification and resubmission of NSF items.
Convenient funding
Funds are electronically deposited into your existing business bank account.
Access countless bonus features
Simple and efficient payments
Consumer initiates transaction
On the merchant's website or payment gateway, the consumer clicks "Agree" or "Accepts", providing authorization to instantly debit their checking account.
Gateway communicates to processor
The payment gateway communicates with the Check processor providing instant approval or decline.
Funds are debited from consumer's checking account
Funds are electronically debited from the consumer's checking account
Receive payment through direct deposit
Once the transaction is clear, the funds are electronically deposited into your business account within 3-7 business days (faster funding may be available, inquire with your processor)
24-p vs Other Brands
| Check Services |
 |
 |
 |
 |
|---|---|---|---|---|
| Processing Method | Check 21 | ACH | ACH | ACH |
| Funds Deposited | o - 1 days | 3 - 7 days | 3 - 7 days | 3 - 7 days |
| Administrative Returns |
No
|
Yes
|
Yes
|
Yes
|
| Chargebacks | Limited |
Yes
|
Yes
|
Yes
|
| Business Checks |
Yes
|
No
|
No
|
No
|
| Accepted by all US Banks |
Yes
|
No
|
No
|
No
|
| Customer Data Verify |
Yes
|
Limited |
No
|
Optional/Limited |
| New user Instant Credit |
Yes
|
Limited |
No
|
No
|
| Integrated Collections |
Yes
|
Limited |
No
|
No
|
| Payment Guarantee | Optional |
No
|
No
|
Optional/Limited |
| Governing | UCC | NACHA | NACHA | NACHA |
Note: Additionally, 24-p works with 15% more checking accounts than ACH, and up to 80% more Business accounts than ACH.
Payment Scheme Comparisons
| Payment Schemes |
|
 |
 |
|---|---|---|---|
| Collections |
Yes
|
No
|
No
|
| Online |
Yes
|
Difficult |
Yes
|
| Project Acquiring Costs |
Yes
|
No
|
No
|
| No Chargeback Fines |
Yes
|
No
|
No
|
| No Account Termination |
Yes
|
No
|
No
|
| Minimal Chargeback Risk |
Yes
|
No
|
No
|
| Full Payment Guarantee |
*Yes
|
No
|
No
|
| Funds Deposited | 0 - 1 days | 3 - 7 days | 1 - 4 days |
| Returns Period | 30 days | 180 days | 2 years |
| Returns Supports | Merchant | Consumer | Consumer |
| Governing | UCC | NACHA | Scheme Rules |
| Returns Paperwork |  |
Merchant | Merchant |
| Connectivity Benefits | Direct to Federal Reserve | Bank and ACH | 2 banks and card scheme networks |
| Returns Supplied in | Less than 30 days | Up to 180 days | Up to 2 years |
Note: *Optional
The ideal payment solution for a variety of businesses
Wholesalers, Health Clubs, Donation/Non-profit, Day Care, Business-to-Business, Insurance, Property Management & Leasing, Suppliers, Online Bill Payments, Utilities, Membership Organizations, Government, Educational, Medical, Online Market Shops, Online Invoice, Payments
Top uses for 24-p Business
Paying Employees' salary (paycheck)
Businesses to Business Payments, including paying your suppliers and service providers
Scheduled payment of Insurances
Scheduled payment of Professional memberships and other subscriptions
Scheduled payment of Professional memberships and other subscriptions
Payment for Professional Business Services - Lawyers, Accountants
Airline Ticket Payment
Hotel Bills
One off Payments for large purchases
Payment of taxes