MyEcheck Inc. is the sole owner of Patent US7389913 Method and apparatus for online check processing.
This patent is one of a kind and allows MYEC to process, clear, and allow the transfer of funds from any US checking account in a matter of seconds. Electronically from any device in the world, to over 120 countries and will even preform foreign exchange if needed.
Best of all, MYEC charges a 1% fee per transaction (maximum $5) to clear checks in any amount. Far lower than 2.9% with Visa and other providers.
PayPal also offer an Echeck service, however as you will find, their system requires 3-5 business days to clear funds in addition to higher rates. MYEC has the perfect answer to enhance PayPal's services.
