PayPal eChecks

PayPal gives users the option of paying with an eCheck.  An eCheck works just like a regular check.  It takes 3 - 5 business days for the money to be cleared and deposited into your account.

Users will need to create a PayPal account to complete their transaction using an eCheck.  

It is important to monitor all of the communication your organization receives from PayPal.  You will be notified through email if the transaction is not completed.  PayPal does NOT notify Membership Toolkit if there are any problems with an eCheck transaction.

Transaction Fees & Financial Report
PayPal does not assess a transaction fee for an eCheck until the eCheck clears.  Membership Toolkit is not notified about the transaction fee, therefore, it will not be included in your MTK Financial Report.

Information from PayPal
https://www.paypal.com/selfhelp/help/article/FAQ1082/3