4 Reasons to Choose Aeropay Over e-Check

Since launching our Aeropay Online capability, we have often been asked the question “How does this differ from eCheck?”

The short answer is: in many ways.

To clear the air, however, we’ve outlined a few of the benefits of Aeropay - what we call a “Smart Bank Transfer” - vs. a solution like eCheck (otherwise known as traditional ACH).

A Superior Onboarding Experience

One of the greatest frustrations with eCheck is the need to input account and routing numbers every time a transaction is being made. This process can be extremely tedious. Not to mention many people don’t know this number off the top of their head, so it can be a hassle to locate.

With Aeropay, there is a seamless registration and single online bank login for the first payment. For every subsequent payment, the bank is already connected to the user's account and ready to transact.

Fewer Failed Transactions

Another common issue with eCheck is what is referred to as an ACH return or NSF, which stands for non-sufficient funds (sometimes called insufficient funds). This term is used to describe an account that does not have enough money to cover the cost of a transaction.

With Aeropay, a bank account balance check is utilized to help alleviate how often users encounter insufficient funds returns and incur overdrafts. Other ACH returns may occur due to not verifying an account via eCheck.

Faster Settlement Times

Something else problematic with eCheck is the length of time it takes for payments to settle. Depending on the provider, an eCheck can take anywhere from 3 to 4 days to process.

With Aeropay, the money will show up in the recipient's bank account the next banking day*.

A Better Pricing Model

Finally, the pricing structure for eCheck is not particularly favorable. Generally, eCheck has a flat cost per transaction - either as a percentage (%) of the transaction or a dollar value fee.

With Aeropay there is flexible variable pricing for each type of business. It’s determined by volume.

Are you looking to upgrade to a better solution than eCheck? Click here to learn more.

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*Transactions initiated on Friday afternoon or the weekend will be completed on Monday.