When does an electronic check process?
Electronic Checks take 5-7 business days to process. Holidays will delay funding.
Electronic Checks are the preferred method of payment in Farmigo as they have the lowest transaction fees.
Below are example funding schedules for an Electronic Check Payment.
Electronic Checks are the preferred method of payment in Farmigo as they have the lowest transaction fees.
Below are example funding schedules for an Electronic Check Payment.
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Member enters transaction before noon:
Day 1 - Enter transaction BEFORE 12 noon Day 2 - Processing Day 1 Day 3 - Processing Day 2 Day 4 - Processing Day 3 Day 5 - Processing Day 4 (technically funds released at midnight) Day 6 - Funds available Member enters transaction after noon: Day 1 - Enter transaction AFTER 12 noon Day 2 - Considered day entered Day 3 - Processing Day 1 Day 4 - Processing Day 2 Day 5 - Processing Day 3 Day 6 - Processing Day 4 (technically funds released at midnight) Day 7 - Funds available |
What does an eCheck look like in a member's
Farmigo account vs. their Check Gateway account?
When an electronic check payment is first triggered from Farmigo, it appears as a processing payment in the member's account. During the time that a payment has the status of Processing in the Farmigo system, the software communicates daily to Check Gateway to see what the status of the payment is in Check Gateway. Once the payment is "Funded" by Check Gateway, the status of the payment in Farmigo is automatically updated to Received within a few business days.
If your member's bank account has not rejected a payment within 4 days, Check Gateway sends our system a status of Received.
Once a payment is marked as received in Farmigo, we stop reaching out to Check Gateway to check on the payment status. Most rejections occur within the first 3 days of processing, however, banks have up to 90 days to reject a payment. It is a rare occurrence, but it is possible that after a payment is marked as received in Farmigo, a bank can then go back and reject the payment. This is why we strongly advise you to compare your Check Gateway statements against your Payments Report in Farmigo.
If your member's bank account has not rejected a payment within 4 days, Check Gateway sends our system a status of Received.
Once a payment is marked as received in Farmigo, we stop reaching out to Check Gateway to check on the payment status. Most rejections occur within the first 3 days of processing, however, banks have up to 90 days to reject a payment. It is a rare occurrence, but it is possible that after a payment is marked as received in Farmigo, a bank can then go back and reject the payment. This is why we strongly advise you to compare your Check Gateway statements against your Payments Report in Farmigo.
How do I read my electronic check statuses in Check Gateway?
Click here to view a flow chart of electronic check payment statuses.
