Virtual Checks Sent To Your Institution
Merchants not able to utilize ACH or the Virtual Check 21 Service can opt to use the Demand Draft and Courier Service. After submitting transaction data to Check21.com, a virtual check (also known as a demand draft) is created and physically delivered to the merchants financial institution.
When utilizing this option merchants continue to benefit from next-day fund availabilty but lose sacrifice the speed in which check transactions clear by up to one business day.
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