ECHO FOREX MERCHANT ACCOUNT
Generally, many merchant account
providers divide their services to
numerous sub-accounts. Monthly fee is
charged in addition to some hidden fee.
ECHO account provider offer several
advantages to their customers by a
package that is complete in all respects
at an affordable rate. In addition to
all the services being made available
under a single roof, they have their own
payment gateway and bank for providing
The components of the ECHO merchant
account are– a merchant account with the
facility to choose credit cards from
among Discover, Amex, MasterCard and
Visa. Internet merchants’ customers pay
from the merchant’s site. The orders are
processed at real time. Customer service
is available at any time of a day and
the customer’s calls are not charged.
ECHO offers many facilities that are
Credit cards are processed using any of
1) POS Terminals that are of standard
quality at suitable rates. The facility
of re-programming merchant’s terminals
is also available.
2) They possess a free e-commerce
3) Virtual Terminal: The terminals that
are used for conducting sales for orders
that are made by way of mail, fax or
phone in which the user has to key in
details related to the credit card are
the computers that are located at
4) Batch Uploads (internet related):
Thousands of payments can be processed
at a very less time.
5) Touchtone Phone: Touchtone Phones are
an easy way of initiating a processing.
6) Recurring payments: Sales that have a
repetitive pattern can be set up easily
by safeguarding sensitive details using
secure servers that are PCI compliant.
7) PC Software: Customer database,
accounting software and order control
can be linked together with the payment
All these facilities are provided by
charging minimal fee and there also no
hidden fee or hefty monthly fee. The
merchant need not pay for the
application. Anyway, installation fee is
applicable. For retail orders,
approximately 1.5 - 1.7 % discount rate
is applicable. The discount rate is
higher and ranges from 2 - 2.5 % for
orders made over phone/mail and the
internet. Transaction fee is 0.05 cents
higher than retail orders.
Usage of virtual terminals attracts an
annual fee of $25. Anyway, there are no
charges for gateway, statements etc.
There are no limits for the volume of
sales and the number of times the
transactions were made. Monthly minimum
fee is also not charged.
Check services include the following:
eChecks is also known as ACH (Automated
Clearing House); it is the technology
used for processing payments made using
checks automatically for making payments
easy and convenient for both the
customer and the merchant. This payment
solution is available for orders made
via various methods.
POS service is used for fast account
deposits. Real time authorization of
checks too is available so that checks
can be authorized. Other services are
check collection (electronic),
consolidated return and risk management.
Verification and authorization of checks
are done using a national check
one of our helpful account
representatives to assist you in the
setup of a
high risk merchant account or
offshore merchant account for a
high risk merchant.