What is Echeck??

Discussion in 'Payment Processing' started by amigos878, Oct 12, 2008.

  1. #1
    Hi mate,
    I actually wrote an article to some person(in australia) , and i requested for the payment...
    indeed he sent me a payment via paypal , but the payment type was:echeck and the cash did not add into my account...

    I got the following msg from paypal, saying:

    "Payment Type: Echeck

    This eCheck payment will post to your PayPal balance once the funds have cleared from the sender's account, which usually takes 3-5 business days. (Estimated completion date: 15-Oct.-2008) Please do not ship any items until the funds have cleared."

    Can i trust this statement, or am i being cheated?Will i get the money added to my account on 15th oct?? HAS ANYONE EXPERIENCED THIS BEFORE?

    please help me out!!
     
    amigos878, Oct 12, 2008 IP
  2. dynashox

    dynashox Premium Member Staff

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    #2
    dynashox, Oct 12, 2008 IP
  3. amigos878

    amigos878 Member

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    #3
    Ok but, i have already sent him the product, so will i get the pay?? or not??
     
    amigos878, Oct 12, 2008 IP
  4. getjimmy

    getjimmy Prominent Member

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    #4
    It will take 3-5 days for echeck to clear,but he can also cancel the echeck before that and u will not get any payment.
     
    getjimmy, Oct 12, 2008 IP
  5. magda

    magda Notable Member

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    #5
    it's like a check/cheque, only electronic. If they have the funds in their bank account, it;ll clear in about a week, if they don't, I guess it'll bounce, though I get them from time to time and i've never had that happen.
     
    magda, Oct 12, 2008 IP
  6. amazingserviceprovider

    amazingserviceprovider Peon

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    #6
    But now a days, many are sending e-cheques and cancelling it. and explaining us by saying that some problems occured. E-cheque is a backup source like credit card.

    Now, he can cancel it easily.
     
    amazingserviceprovider, Oct 12, 2008 IP
  7. amigos878

    amigos878 Member

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    #7
    Can the buyer cancel the transaction ? And send me the money again via PAYPAL??
     
    amigos878, Oct 12, 2008 IP
    getjimmy likes this.
  8. getjimmy

    getjimmy Prominent Member

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    #8
    Yes he can,but i doubt he will send u directly as it looks like he do not have money in his paypal.
     
    getjimmy, Oct 12, 2008 IP
  9. WillisTi

    WillisTi Peon

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    #9
    Either that or his card details have expired, that happened to me and I didn't realise I was sending e-cheques. Send him a courteous email and find out if you still haven't received payment.
     
    WillisTi, Oct 12, 2008 IP
  10. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #10
    BTW paypal clearly mentioned in their email that

    DON.
     
    deluxdon, Oct 12, 2008 IP
  11. www.buxincome.com

    www.buxincome.com Guest

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    #11
    It's a cheque, just electronic. Don't send anything until the money has cleared.
     
    www.buxincome.com, Oct 12, 2008 IP
  12. ozairkhan

    ozairkhan Banned

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    #12
    it is a just electronic cheque
    as google adsense cheque as a example
     
    ozairkhan, Oct 12, 2008 IP
  13. Disguised

    Disguised Notable Member

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    #13
    How come you are comparing google adsense's cheque with E-check? Where you see the resemblance? :rolleyes:
     
    Disguised, Oct 12, 2008 IP
  14. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #14
    We are talking about Echeck here not physical check :rolleyes:

    Google adsense send physical check to us or send us electronic bank transfer. There is no any similarity between google adsense check and paypal Echeck.

    DON.
     
    deluxdon, Oct 12, 2008 IP
    Disguised likes this.