ePayments

Introducing ePayments: The Smart Way to Get Paid

Are you tired of the uncertainty and delays of traditional ACH payments in Koronet Sales? ePayments is here to revolutionize your payment process.

Why is ePayments better?

Smart Verification: Dramatically increase the probability of your payment clearing with automatic balance verification.
Faster Settlement: Get your money in just 3 business days, significantly faster than traditional ACH.
Cost-Efficient: Less than ⅓ of the cost of credit card processing fees.

Stop Wondering, Start Growing

ePayments gives you the certainty of credit cards at a fraction of the cost. Eliminate NSF surprises and confidently grow your business.

How Does it Work?

ePayments leverages advanced financial technology to verify account balances instantly, so you know the chance of a payment clearing is almost certain, and seamlessly integrated with your existing Koronet Payments workflow, making it easy to adopt and even easier to use.

Embrace the Future of Payments

By choosing ePayments, you're not just selecting a payment method; you're investing in a smarter, more efficient, and more cost-effective way to do business.

FAQs

ePayments elevate your experience with a more efficient and tailored bank transfer solution:

Instant Balance Verification: Confirm account balances before processing to reduce errors and delays.
Accelerated Settlement: Receive funds in just 3 business days.
Enhanced Success Rates: Benefit from optimized processing for fewer failed transactions.
No extra steps: There is no need to change your workflow. ePayments seamlessly integrates with your existing ACH processes.

No, ePayments are automatically enabled for every new bank account payment method you add to your account.

Existing bank accounts won't automatically have the balance verification feature. To enable ePayments features:

Delete the customer’s current bank account payment method.
Send a new payment method request link to your customer.

Once they add their bank account information again, all ePayments features will be enabled.

Similar to card payments, which can be declined or disputed up to 90 days after the transaction, traditional ACH transfers are not entirely risk-free. However, ePayments' innovative balance verification technology dramatically improves the reliability of bank transfers. By instantly confirming account balances before processing, we achieve a 99%+ success rate. This significantly reduces the likelihood of failed payments compared to standard ACH methods.

There are three reasons an ePayments transaction could fail:

Insufficient Balance if the customer removed the funds after verification.
The customer revoked authorization.
Account restrictions placed by the account holder’s bank.