Third-party payment processor Standard Pay has added online check processing to their services, the company announced.
“We are excited to offer an alternative payment option that can easily integrate with our merchant’s online business model. In addition, offer our merchants the best and most competitive prices for check processing,” said Dmitry Gertsovich, Standard Pay CEO.
Standard Pay offers merchant services only to membership-based sites and by adding check processing, the company has given webmasters to another way to accept U.S.-based payments. The online check processing service moves money electronically from an end user’s checking or savings account to an account designated by the payee.
Issues such as bounced checks or closed accounts are addressed through a combination of fraud screening and collection tools and include the ability to verify in real time that account numbers are valid and there is money in an account.
Standard Pay is an independent project created by several established European payment service providers and e-commerce teams.
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