MyECheck recently added more online retailers to its Online Check Service, sending a vivid message to consumers that it is okay to pay by check online. The latest retailer to sign on is MySolitaire.com.
MyECheck is a leading provider of alternative payment solutions to credit cards for brick & mortar, internet and mobile commerce. The Company’s patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit. This solution allow companies to use the check payment alternative at a much lower cost than credit or debit cards, thus providing online merchants financial access to more consumers and businesses than any other payment method.
The company will offer MySolitaire customers an alternative to credit cards by providing the online retailer with its comprehensive suite of electronic check processing services. This new agreement will also allow MySolitaire to give customers an additional form of online payment. Using the MyECheck system will provide MySolitaire with faster clearing and funds availability, which will substantially reduce charge-backs and risk, as well as improving cash-flow.
For over 35 years, MySolitaire has been selling quality diamonds, gemstones and other jewelry to its customers at 40-50 percent below average U.S. retail prices. Their quality standards are highest among all jewelers, and each loose diamond they sell is also accompanied by a grading certificate for GIA or EGL, the world’s leading diamond grading laboratories.
As per the new agreement, Ed Starrs, CEO of MyECheck, stated, “We are very pleased to have MySolitaire.com as a customer, and look forward to their increased growth in eCheck processing with our system. eChecks processed on our system are typically accepted in 1 to 3 seconds with check approval rates averaging over 90%, with many merchants exceeding over 95%.”
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