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What is the difference between an ACH payment and an echeck?

I'm new to Quickbook payments. I have been billing customers via email and allowing them to pay via ACH on their own. I went into Quickbooks payments today and saw that I can get authorization to run an echeck on their behalf (with their approval, of course). What is the difference between that and an ACH? Is it just faster because I can process it faster than waiting for the customer to pay or does it actually reach the bank faster? Is there an advantage of one over the other?

Best answer 10-15-2018 05:21 PM

Accepted Solutions
Established Community Backer ***

An ACH is a transaction from their bank to yours that THE...

An ACH is a transaction from their bank to yours that THEY initiate

an echeck is basically the same thing except YOU initiate the transaction

1 Comment
Established Community Backer ***

An ACH is a transaction from their bank to yours that THE...

An ACH is a transaction from their bank to yours that THEY initiate

an echeck is basically the same thing except YOU initiate the transaction