Many US customers have requested that guests have the ability to pay for their rentals using electronic checks. We’ve spent the last week coding e-check support with our gateway partners. It is now on our demo server and we hope to launch with support for authorize.net and the quantum gateway by late next week. PayLeap will follow soon after.
An electronic check, or e-Check, is an electronic version of a paper check, used to process a payment online. Any guest with a checking account can pay by e-Check through Lodgix. To make a payment for a vacation rental by e-Check, guests simply provide Lodgix with their checking account and routing numbers. Lodgix then debits the funds directly from the guests checking account.
Processing fees for e-checks
In general, the cost to process an e-check is substantially less than that of paper check processing or credit card transactions; e-checks require less manpower to process and eliminate incidental costs such as deposit and transaction fees that accompany paper checks. With e-checks, you can save up to 60% in processing fees over a credit card transaction.