Electronic
Clearing House, Inc.
(ECHO)
If you don't
process, you don't pay!
ECHO Inc. is your
merchant account service under ONE roof (hence the reason they can offer
so much for so little). Their own bank provides the actual merchant accounts
and they own their very own payment gateway service. ECHO, Inc. is a publicly
held company and has been providing merchant account processing solutions to
Retail, Mail Order/Telephone Order and Internet businesses since 1986. They
have over 60,000 clients in the United States, including well-known companies
such as 3Com, U-Haul, Dollar General and Walgreens.
See our interview with
ECHO, Inc.'s CEO, Joel Barry.
Here's what you get with an ECHO merchant account:
-
Your own real
merchant account (accept Visa and MasterCard, even Amex and Discover cards if
you wish)
-
Ordering
process is conducted on your site, your visitors never leave your
site to pay for their purchase (applies to Internet merchants only)
-
Your company name
appears on customers monthly credit card statements
-
24x7 Toll-Free
customer support
-
Secure
transactions - Cardholder data is protected with Secure Socket Layer (SSL)
technology
-
Automatic
Real-Time processing (ECHOnline) for website orders (applies to Internet
merchants only)
-
ECHOnet
secure virtual terminal for phone, fax & mail orders (applies to
Internet merchants only) - manually type credit card information in a web
browser; can be used anywhere... your office, a client's office, laptop,
anywhere with Internet access. ECHOnet virtual terminal make an excellent
mobile processing solution, too.
-
Check acceptance
solution (optional for both Internet and retail merchants)
Super low merchant account rates & fees
You simply won't
find any better merchant account rates anywhere else... guaranteed!
No leases, high monthly fees or hidden fees.
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List of ECHO compatible shopping carts
Compare ECHO against other merchant account companies
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|
Application Fee: |
Free |
Installation Fee:
(One-Time; includes purchase cost of the solution) |
$99 |
|
Discount Rate:
|
Internet & Mail/Phone
Order:
2.04% to 2.54%
Retail:
1.54% to 1.69% |
|
Transaction Fee: |
Internet & Mail/Phone
Order:
$0.30 cents
Retail:
$0.25 cents |
|
Technical Support Fee: |
Free/$10* |
|
Technical Support: |
24/7 - Toll Free |
Annual Fee:
(Applies only to ECHOnet virtual terminal solution, not
ECHOnline) |
$25/year |
|
Monthly Minimum: |
Free |
|
Statement Fee: |
Free |
|
Gateway Fee: |
Free |
|
Address Verification Fee: |
Free |
|
Daily Closeout/Batch Fee: |
Free |
|
Chargeback Processing Fee: |
Free -
first 5 each month;
$5 each over the first five
limit per month. |
|
Funds Deposited in Checking
Account: |
2 days |
|
American Express Setup: |
Free |
|
Transaction Limitations: |
No limits on number of
transactions and sales volume |
|
|
|
Total Startup Cost: |
$99 |
|
Fixed Monthly Fees: |
Free/$10* |
If you don't
process, you don't pay! Guaranteed.
*
There is a $10 monthly fee ONLY if you make credit card transactions in
any one month period. However, if you don't sell anything for any one month,
there is absolutely no monthly charge at all. Simply put, if you don't
process, you don't pay. No monthly minimums to meet or anything.
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