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julie9
julie9
Level 1
posted
‎10-15-2018 05:21 PM
last updated ‎November 08, 2018 1:51 PM

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?

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Best answer 10-15-2018
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Rustler
Rustler
Level 15
‎10-15-2018 05:21 PM

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

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Rustler
Rustler
Level 15
‎10-15-2018 05:21 PM

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

View solution in original post

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BankNote
BankNote
Level 1
‎05-15-2019 09:09 AM

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

This is not true. I was paid by a customer via echeck and did not initiate the transaction. I just spoke with a representative in merchant services and they said an echeck and ACH are essentially the same thing. Echeck/ACH is any kind of electronic bank transfer including wire transfers. 

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