Methods of Payment


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.