Credit Card and Echeck Processing for Online Internet Pharmacies
What Online Internet Pharmacies accept Echeck Processing Today ?
Most American Consumers who shop online expect to pay by credit card, but for online pharmacies that distribute medication internationally this is not allowable anymore due to pressure from the pharmaceutical industry. Before it was possible to pay with credit cards however the past several years the big pharmaceutical companies have put increasing pressure on banks and governments to restrict payment processing allowances in the auspices to protect their brands (however many knowledgeable people realize that this is just to protect their huge profit volumes on overpriced medications).
Online pharmacies provide an important service to consumers that do not have health insurance or cannot afford to pay the high cost of medicine in their own countries, so what is echeck processing and what firms accept them?
The growth of online banking and online bill pay has made customers comfortable with paying with a bank transfer. Over 95% of US households have bank accounts and are able to make payments with echecks. While it might appear to be daunting it is really very simple. An electronic check (or eCheck) is an electronic version of a paper check used to make payments online. You may also see this method referred to as an electronic funds transfer (EFT) or an automated clearing house (ACH) payment. To make a payment with an electronic check, you simply provide the following information: Your bank routing number, your bank account number and the name on your bank account. Once the e-check is submitted, automated systems (including the ACH) facilitate the verification, transmission, and clearing of funds and the settlement of accounts. The government highly regulates the automated systems. As a result, the e-check transactions are protected by highly secure systems.
Two well known and trusted pharmacies that utilize Echeck payments are LifesPharma.com and Aipctshop.com. You might have heard about unauthorized payments being charged to some peoples account however LifesPharma.com and Aipctshop.com both use a life human verification system where a member of the Echeck Team has to call and personally verify and authenticate this order. While it does add an extra step, it helps ensure the safe and authorized transaction as well as securing my financial data. For this reason, that they both utilize a live human call back verification system AFTER the order is placed is why I trust these two online pharmacies over any others on line.