E-check payments are taking a ridiculously long time to post. 7 days or more. Why does this take a week to process funds? I can get a check. The buyer still did not respond to me personally, but then immediately sent payment via Paypal. Hopefully she has the funds and it will clear soon. . I have never had an eCheck take longer than days to clear, unless it. Electronic check processing is an online payment option for businesses to How Long Does it Take to Clear and Process an Electronic Check (eCheck)?. The hold times on echecks are absolutely ridiculous. Popular Articles The Draw Shop Built a Business off of Bringing Marketing to Life Grow Your Business by Marketing Your Services Simplify your life with easy-to-use scheduling software from PaySimple The Story of CaRu Entertainment: Just like checks you write yourself, money will be withdrawn from your account when the check is cashed by the Biller. What in the world? The buyer still did not respond to me personally, but then immediately sent payment via Paypal. Ask the Community Help the Community. Now I can't run payroll because I was fool enough to fall for this scam. The first happens when the merchant "settles" their batch of transactions. In most cases, if your first available Pay Date is the next business day, the payment will be sent electronically. I signed up for ACH because it was touted as days. Answer Questions Will i get approved for a 37, Quickbooks is not a bank - why are they holding these funds? Some eCheck processing companies charge a higher per-transaction fee and a lower monthly fee, while others charge the opposite. PaySimple PaySimple is the leading provider of Service Commerce solutions, supporting the success of thousands of SMBs across the country. Nora , Dec 2, IP. What in the world? This will be entered into an application for approval by the payment processor or merchant account provider. Posted in Cartier Aug 5, at 5: Did you purposely choose eCheck or did the system default to that? I just want the check to hurry up and clear so I can just send the item and get it all over with!