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Our CIM eCheck extension fully integrates your Magento store with the eCheck.Net service from Authorize.Net. The extension is an add-on to StoreFront's Authorize.Net CIM extension, meaning not only can you accept e-Check payments from your customers, but your customers can store their bank account payment details for future transactions.
Electronic check payments are processed through the Automated Clearing House (ACH) system for bank-to-bank payments. The eCheck.Net service from Authorize.Net will generate ACH direct debit transactions for your customer payments. Customer payments are transferred directly from the customer's bank account to the merchant's via the ACH system.
Authorize.net says "By accepting electronic checks, you expand the payment options available to new and existing customers, enhancing customer loyalty and potentially increasing sales." We say accepting eChecks expands your customer's payment options and reduces your fees.
Still not convinced? Read Authorize.Net's case study on the benefits of eCheck payment for their merchant Space Walk.
This extension will let your customer's store their bank account payment information for use in future transactions. This helps reduce friction for your customers on future transactions, which helps you increase customer loyalty and retention. All bank account details are stored securely in the Authorize.Net CIM and accessed by your website only via a secure token.
StoreFront Consulting offers a range of enterprise grade Magento extensions. Please visit our website to learn more: http://www.storefrontconsulting.com/
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