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Digital Checks/e-Checks are very fraud sensitive. They usually clear just 5-7 days later and I have seen cases where the merchant lost tens of thousands of doll
by NiekvdMaas 11y ago
Digital Checks/e-Checks are very fraud sensitive. They usually clear just 5-7 days later and I have seen cases where the merchant lost tens of thousands of dollars.
- pjg 11y agoDigital Checks can clear overnight (just like Check21). Much faster than ACH. As for fraud the rules are no different than ACH.