RediEFT Information [Checks By Net]

Checks by Net now available WITHOUT a credit card merchant account....contact us for current pricing.......

I-Transact's RediEFT (Electronic Funds Transfer):
Allow Your Customers to Pay Online by Check

How RediEFT Works
RediEFT Features
EFT Processing Fees
How to Begin
Frequently Asked Questions

Customer completes your online order form, providing checking account information.

Recurring billing against customer's checking account NOW available.

Submitted form is accepted by I-Transact's secure server via a secure SSL socket.

Customer's ABA bank code information is immediately verified against a national database.NOTE:This verification process does NOT guarantee that the customer's funds are present. It only checks that the bank number is valid.

Order confirmation is sent to you and to your customer.

Using a computer system not connected to the Web, Check Gateway (the EFT processor) will initiate an electronic funds transfer (EFT) from your customer's bank account to yours.

Because funds are verified and transferred through the US Federal Reserve System, Please allow 5 working days for the funds to be deposited into your bank account before delivering your product or service!!

RediEFT Features

Additional Payment Acceptance Ability
No Hardware or Software Required
No Secure Server Required
All US Checking Accounts Accepted
Detailed Daily Reporting

No Hardware or Software Required

RediEFT is available as an option to I-Transact's suite of services and is quickly and easily integrated into your existing online order forms. No software or hardware is required by you or your customers! Once I-Transact's services are in place on your site, your work is done. When a customer places an order on your site, you and your customer receive immediate verification of the order. The information you receive includes the customer's name, address, phone number, e-mail address, items ordered, and the order total.

Eliminate the Need for Your Own Secure Server

Since I-Transact offers complete security on payments from any web site, there is no need for you or your customers to worry about information theft. With I-Transact, you can eliminate the need to have your own secure server.

I-Transact's system enables your customers to order online without ever having to transmit their account information over a non-secure Internet connection. Our services (including RediEFT) are designed to work via the Internet using a proprietary system, a Netscape Commerce Server, PGP encryption and SSL. You do not need to invest in any security features for your site.

All US Checking Accounts Accepted

RediEFT is available to any merchant in the world who accepts payment in US funds. Customers can use checking accounts drawn on US banks.

Detailed Reporting

Detailed reports are generated showing the customer information for each order. The reports are emailed to you on a daily basis. The emailed reports include an attached tab-delimited file of all orders. This file can be imported directly into your accounting system. These reports dramatically decrease your time spent for matching payments with orders.

EFT Processing Fees
In order to use RediEFT, you must have an account with Check Gateway, a trusted EFT processor. Rates are as follows:

Application Fee $99.00 (one time fee)
No Discount Rate (transaction percentage = 0% depending on # of trans/month)
Transaction fee: $0.50
Returned item fee: $2.00
Monthly maintenance fee: $20.00
Check Gateway's services are optional and are in addition to quoted gateway fees and credit card processing fees..
Restrictions: EFT account requests are subject to review by Check Gateway (acceptance rates are approximately 95%). Check Gateway is unable to work with merchants in the travel industry or those who provide adult entertainment or those people with substandard personal credit ratings. Check Gateway's EFT service is available only for transactions under $850.

How to Begin
RediEFT is available once you have registered with I-Transact.
To DEMO the EFT payments program, log into the Card Solutions's CONTROL PANEL, test out the program in the VIRTUAL TERMINAL then contact us to get you set up!!. We will forward your information to Check Gateway, who will contact you to complete the setup process.