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Merchants can choose to be paid by one of the following methods:
Direct Deposit / Wire Payment
You tell E-C-Q© where and what bank you want your
settlement funds deposited to.
E-C-Q© automatically deposits those funds directly
to your bank account.
Associated tariffs
Cheque
The
merchant that prefers this method provides E-C-Q with a mailing address
and
E-C-Q© will send a cheque to that address.
Associated
tariffs
Certified Cheque or Money Order
The merchant that prefers this method provides E-C-Q with a mailing
address and whether a certified cheque or money order is preferred and
E-C-Q© will send what you the merchant specify
to that address.
Associated tariffs
Credit Card
If a merchant chooses to be paid by credit card then E-C-Q©
will settle that account by credit card.
Associated
tariffs
Deposit to E-C-Q account
Deposit to an E-C-Q© holding account and settle
at a predetermined time. This reduces service charges for settlement.
If a merchant opens an E-C-Q© holding account
funds are deposited directly to that account as soon as the purchase
is made. The merchant provides E-C-Q with specific settlement instructions
and E-C-Q follows those instructions.
Associated
tariffs
E-C-Q's
Partial Payment Plan
This
service is unique to E-C-Q. When a customer writes a cheque they can
choose to pay 60,70,80 or 90% right away and hold back the difference
until the goods have been received and accepted. With this option comes
Mediation Insurance which provides for assistance to resolve differences
between the customer and merchant. Registered merchants can predefine
how much hold back is allowed on their cheque before the customer writes
it. By allowing Partial Payment the merchant will build trust with the
customer. It shows the merchant has faith in their product.
The
Partial Payment option builds the customers confidence because they
know that help will be available if there are any problems that cannot
be resolved.
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