Electronic Payment Services

What Electronic Payment Services does

Electronic Payment Services, operating through echecksolutions.com, is a privately held US payment processor founded in 1998 and headquartered at 3001 Bethel Rd. #108, Columbus, Ohio. The company provides ACH eCheck and credit card processing to businesses nationwide, spanning Fortune 500 enterprises down to individual one-person shops, with primary targeting of small to mid-sized merchants. Its offering accepts all major card brands, debit cards, and ACH transactions through a single web-based interface.

The platform is built as a cloud payment stack that bundles a payment gateway, virtual terminal, recurring billing engine, secure checkout with PCI Level 1 tokenization, mobile acceptance via rugged card readers, and real-time cloud reporting. Product packaging is organized into three pricing tiers: Starter (2.90% plus 25 cents per transaction, no monthly fee), Merchant+ ($24.95/month with 1.79% swiped / 2.15% keyed card rates and 25-cent ACH transactions), and Enterprise (custom pricing for high-volume sellers). The recurring billing engine supports subscriptions, payroll, and disbursements, and the mobile product supports on-the-go acceptance with cloud-based reporting.

The business is monetized primarily through transaction fees on card and ACH volume, supplemented by Merchant+ monthly subscription fees. Distribution combines a 5-minute online self-serve application (paymentsgateway.net) with inside phone sales (800-844-2044) for custom quotes and demos. The company also offers an ACH alternative under the "Electronic Checks" brand at ichex.com. The organization operates with 1-10 employees from a single Columbus sales office and discloses no funding, investors, leadership team, or M&A activity in available data.

Name

Electronic Payment Services

Legal name

Electronic Payment Services

Website

https://echecksolutions.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Electronic Payment Services is a privately held Columbus, Ohio payment processor, founded in 1998, that provides ACH eCheck and credit card processing to SMBs and enterprises across all 50 US states via a web-based platform with three pricing tiers.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industry

Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH)

Keywords

• ACH payment processing
• Credit card processing
• Merchant services
• Recurring billing
• Payment gateway

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit Card Processing: Transaction-based fees charged as percentage of credit card transactions plus per-transaction fees. Different rates for swiped (1.79%) vs keyed (2.15%) qualified transactions.
2. ACH/eCheck Processing: Low-cost ACH transaction processing at 25 cents per transaction, supporting payroll, customer payments, subscriptions and disbursements.
3. Subscription Plans: Monthly subscription fees for all-inclusive plans (Merchant+ at $24.95/month) that bundle credit card processing, ACH/eCheck, recurring payments, payment gateway, virtual terminal, secure checkout, and live support.
4. Starter Plan: Flat-rate pricing model at 2.90% + $0.25 per transaction for lower-volume or new businesses without monthly fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Electronic Payment Services operates a web-based cloud payment platform that enables businesses to accept credit cards, debit cards, and ACH eChecks through a single intuitive interface. The platform bundles a virtual terminal, payment gateway, recurring billing engine, mobile payment solution, secure checkout with tokenization, check verification, and live customer support under one merchant account.

Product overview

Electronic Payment Services offers a unified web-based payment processing platform with three pricing tiers (Starter, Merchant+, and Enterprise) designed for businesses of all sizes. The core Merchant+ product provides comprehensive payment acceptance including credit cards, debit cards, and ACH eChecks through a single interface, with built-in features like virtual terminal, recurring billing, mobile payments, and secure checkout. Additional features include check verification, cloud reporting, and live customer support. The company has operated since 1998 and serves merchants across all 50 states.

Differentiator

Problem solved

Functional benefit

Brands

• Merchant+: All-inclusive payment plan for credit cards, debit cards, eChecks and ACH with features including payment gateway, virtual terminal, recurring payments, and mobile payments.
• Starter
• Enterprise

Products and services

• Credit Card Processing Acceptance service for major credit and debit card brands through a web-based cloud platform, serving e-commerce merchants, POS retail operations, and mobile sellers. Rates are tiered by entry mode (1.79% swiped qualified, 2.15% keyed qualified) plus a per-transaction fee.
• ACH eCheck Processing Low-cost ACH electronic check transaction processing at 25 cents per transaction, supporting payroll, customer payments, subscriptions, and disbursements for businesses of all sizes.
• Recurring Billing Automated recurring billing engine that lets merchants set up scheduled automatic collection and disbursement of funds for subscriptions, payroll, and routine customer payments.
• Mobile Payments On-the-go payment acceptance for credit cards and eChecks from any location, paired with rugged card reader hardware and real-time cloud reporting.
• Secure Checkout eCommerce checkout solution with PCI Level 1 compliance, tokenization for sensitive payment data, dual-facing customer and merchant side, and third-generation checkout integration.
• Virtual Terminal Cloud-based virtual terminal and payment gateway included free with merchant accounts, allowing payment processing through a browser without requiring physical hardware.
• Check Verification Verification service that validates check authenticity and reduces fraud risk when merchants accept eCheck payments through the platform.

Quantifiable outcome

• Speed of light processing enabling more transactions and more consumers

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Stripe: Stripe is a leading global payments and financial infrastructure platform serving businesses of all sizes with card acceptance, ACH, subscriptions, and developer APIs. It overlaps directly with EPS on credit card and ACH processing, recurring billing, and SMB/mid-market merchants, but operates at vastly greater scale and with a developer-first product surface.
• PayPal: PayPal is a long-established payments platform supporting online card acceptance, ACH/eCheck-style payments, recurring billing, and checkout for merchants of all sizes. It is comparable to EPS in covering cards plus ACH-style flows for SMB to enterprise, with a far larger product suite and merchant base.
• Square (Block): Square provides integrated payment processing, POS hardware, and software tools primarily to small and mid-sized businesses across the U.S. Like EPS, it emphasizes ease of use and serves the SMB segment across online, in-person, and mobile channels, but with a much broader software ecosystem and brand presence.
• Clover (Fiserv): Clover is a Fiserv-owned POS and merchant services platform serving SMB retailers and restaurants with integrated card processing, hardware, and software. It is relevant to EPS on the POS retail side and the SMB customer overlap, though delivered through a more vertically integrated hardware-software bundle.
• Heartland Payment Systems: Heartland, part of Global Payments, is a large U.S. payment processor and merchant services provider serving SMB through enterprise merchants across retail, restaurant, and e-commerce. It is comparable to EPS on card and ACH acceptance for multi-channel merchants, but at far greater scale and geographic breadth.

Direct peers

• Authorize.Net: Authorize.Net is one of the largest U.S. payment gateways and merchant account providers, offering card acceptance, recurring billing, and virtual terminal functionality to SMBs. It is directly comparable to EPS's Merchant+ stack on gateway, recurring, and SMB target market, though backed by Visa.
• Dwolla: Dwolla is a U.S.-focused ACH payment API platform for businesses needing bank-to-bank transfers, recurring payments, and disbursements. It overlaps directly with EPS's ACH/eCheck processing and recurring billing capabilities, although Dwolla is API-first rather than a merchant-acquirer-style offering.
• Fattmerchant: Fattmerchant (Stax) is a payments and SaaS provider focused on small and mid-sized merchants with subscription-based, transparent pricing for card processing. It competes directly with EPS for the SMB account on pricing transparency and bundled service positioning.
• Payment Depot: Payment Depot is an SMB-focused credit card processing reseller offering interchange-plus pricing and merchant services. It targets the same SMB customer base as EPS with transparent pricing positioning, making it a direct channel-level competitor.

Emerging players

• Plastiq: Plastiq offers payment processing solutions that let businesses pay expenses via card and supports ACH-style flows for SMBs. It is an adjacent/emerging player to EPS on the SMB payments side, with a narrower set of use cases around expense and vendor payment.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/echeck-solutions-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Electronic Payment Services