eDebit is Freaky-Fast!
eDebit offers same-day deposit capabilities, unlike credit cards, which can take 3-4 days or more for funds to be received. Paper checks often take over a week to clear due to the lengthy verification process between banks. In contrast, eDebits offer a digital upgrade to the traditional paper check, usually clearing within a single business day. This faster processing reduces administrative costs and ensures that businesses receive their funds more quickly.
You can't misplace an eDebit
Losing or misplacing a paper check can be both embarrassing and risky, and obtaining a replacement can lead to potential fraud if the original check isn't canceled. eDebits are never "lost in the mail" or undelivered due to false claims of being sent. Since they are digital, there are no postal delays, errors, or dishonest excuses for non-payment. eDebits are intangible and digitally tracked by our sophisticated gateway, eliminating the risk of loss or misplacement entirely.
They are Secure
eDebits simplify the verification and authentication process traditionally needed for paper checks, making customer payments faster and more efficient. Utilizing rigorous security measures, such as using PLAID to verify account details and balance, eDebits ensure payments are both safe and secure.
The client doesn't need their routing & account info
We eliminate the hassles of transacting. While the older generation (50+) might have memorized their routing and account numbers, modern technology like PLAID makes this unnecessary. If you can log into your bank account, you can easily pay using eDebit. In fact, PLAID is used by Venmo for registering new accounts, as well as by many other financial institutions.
Why should we accept eDebit?
In today's fast-paced world, giving your customers more ways to pay can make a big difference. eDebits, accounting for $80 trillion in transactions annually in the U.S., are a smart choice for all businesses. They're super secure with features like PLAID authentication and encryption, making them less prone to fraud than credit cards. Plus, eDebits are mostly processed electronically, meaning faster transactions and less paperwork, so you can focus on what you do best.
Going green is also a bonus—eDebits cut down on paper use and the need for physical transportation, which can attract eco-conscious customers and enhance your brand’s image. They’re perfect for big purchases or recurring payments, offering a smoother, more reliable payment process. Add eDebits to your payments portfolio today to boost your business and keep your customers happy. Get in touch with us to learn how to get started!