| Transfers between
Merchant Accounts and Individuals' e@bank accounts are
completed by the Merchant logging into their e@bank Merchant Account and clicking on "Yes" or
"No" to accept or decline transfers. Transfers
to the merchant site may also be auto posted to the
clients' internal accounts by incorporating the e@bank
lobalConnexE-paymentsm
Direct auto post software.
The Payouts to
Merchants' clients occur with a click of the mouse. When
a e@bank account holder requests a payout from the
Merchant's site, the merchant simply verifies that there
are sufficient funds in the client's account then clicks
on "accept" (or "decline"). If the
payout is accepted, the Merchant's payout administration
is finished. The funds are instantly credited to the
merchant's account and debited from the client's account. Merchants may also send funds directly
to a e@bank client's account from their Merchant Account.
Merchants are billed
for transfers both to and from their clients. Merchants
are charged at the rate of 3.9% for all transfers in and
2%(to a maximum of $30.00) for all transfers out. Volume
discounts will be considered.
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