Definition of electronic check (e-check): An electronic payment process that resembles the function of paper checks, but offers greater security and more features. An eCheck is an electronic payment funded by the buyer's bank account. With an eCheck What does the status of my sent payments mean? Cleared: Money. I was wondering what does it mean when it says my payment status says. The " cleared" payment status indicates that your eCheck payment. The "cleared" payment status indicates that your eCheck payment miniclip.ro book of ra cleared your bank account and has been credited to the recipient's PayPal account. Any unauthorized copying and reproduction of the content of this page, including all meta data and computer code, is strictly prohibited. The sole purpose of the material presented herein is to alert, educate, and inform readers. Treasury for making large online payments. Hatter has also had publication on home improvement websites such as Redbeacon.