Thoughts on eChecks for payments?

Old is new again it seems. I've noticed a growing adoption of eChecks as a payment method on websites, by some big names like Walmart and Shopify.
https://www.shopify.com/ca/blog/echeck
https://business.walmart.com/help/article/payment-methods/73db2992822e425ca53ea5f3a53bd95d

This makes sense for them from a cost-effective standpoint, credit card transaction fees range from 1.5% to 3.5% with additional gateway fees added to that. While eCheck processors usually have a flat fee which can be as low as 50 cents. Also the value of the transaction is irrelevant. So the same fee gets applied to someone moving $1,000 as it does to someone moving $50 (very high-value transactions might be different). So, adopting eChecks helps reduce payment processing costs.

But the thing that makes it more useful for people here, is that it can help bypass financial restrictions or blacklists for "high-risk" verticals (e.g., pron, gambling, CBD products). These industries face higher credit card fees or outright restrictions.

It also seems that the process for issuing chargebacks is more scrutinous and more fair for the merchant. Whereas credit card companies are more likely to side with the customer, to provide a better service to them, and essentially "bully" the merchants.

Potential issues; eChecks require customers to input sensitive bank details, which might be offputting. They can take anywhere from 3-5 days to process.

Anyone have experience with them?

Yeah, totally seeing the same trend! Big sites like Walmart and Shopify adding eChecks makes sense—flat fees (often under a buck) save a ton vs. 2–3% card fees, especially for high-ticket orders.

They’re also gold for “high-risk” stuff like CBD or adult, since cards either block those or charge crazy rates. Chargebacks feel fairer too—banks look at the facts instead of just siding with the buyer.

Downside: people have to enter bank info (which can scare them off) and it takes a few days to clear. But overall, not bad at all.

Some folks use providers like eCheckplan to set this up, especially if PayPal/Stripe won’t touch them.

Anyone else here actually running eChecks? Curious what your fail/return rates look like.