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Level 1

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 October 15, 2018

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Level 15

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

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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2 Comments 2
Highlighted
Level 15

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

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

Highlighted
Level 1

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

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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