While ecommerce grows Bridal Online Store joins MyECheck

While an increasing number of ecommerce retailers are seeking for alternative options to shift from credit cards which often entail burdensome processing fees and charge backs MyECheck Inc., an electronic transaction processor and provider of alternative payment solutions, is aggressively promoting its Check 21 software to more businesses and industries. According to the recent announcement of the payment processing provider it has launched its electronic transaction processing software at the Bridal Online Store.

Continuous researches and studies reveal that while brick-and-mortar retail is fading e-tailers’ sales continue going forward at a steady gait. In November the Census Bureau of the Department of Commerce reported the estimate of U.S. retail eCommerce sales for the third quarter of 2008, adjusted for seasonal variation, but not for price changes, was $34.4 billion, an increase of 0.3 percent (+/-1.3%) from the second quarter of 2008.

Ed Starrs, CEO of MyECheck, notes: "MyECheck provides faster clearing and funds availability, substantially reduces charge-backs and risk and improves cash-flow; all at a much lower cost than credit or debit cards. eChecks processed on the MyECheck system are typically accepted in 1 to 3 seconds with check approval rates averaging over 90%, with many merchants exceeding over 95%."