Benefits of using online checks processing - PowerPoint PPT Presentation

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Benefits of using online checks processing

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Online check processing is becoming more popular each day. It has also become one of the best ways to send and accept payments online. But why should you really have to also use online check processing? Here are some benefits of using this new payment method. – PowerPoint PPT presentation

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Title: Benefits of using online checks processing


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Benefits of using online checks processing
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  • The fastest and the best way to pay for
    something you buy and to pay for your bills
    online is through credit cards. However, due to
    the widespread credit card information security
    breach, this way of paying and accepting payments
    online has become so risky. The good news now is
    that aside from credit cards, businesses also
    accept other payment methods. One of which is
    online check processing.
  • Online check payment processing allows
    businesses and online retail stores to accept
    payments from their clients in as fast as 60
    seconds. It works in close collaboration the same
    as credit cards. Check processing services also
    help businesses get rid of that bulky voucher. It
    helps business to efficient process online
    payments. More to that, if businesses offer more
    effective payment methods, the more they can
    cover their overhead costs and the earlier they
    can gain profit as compared to their competitors
    that offer less efficient payment methods.

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  • Checks by Fax
  • Checks by fax or checks by phone are just almost
    the same. Both allows businesses to accept checks
    instantly using fax, internet or phone. It allows
    business owners and merchants to get access to
    the secured automated clearing house where check
    payment processing takes place.

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  • Benefits of using online checks processing
  • A lot of people may ask why should they bother
    using checks by fax, checks by phone or other
    online checks processing methods and why should
    they choose it over credit cards. To answer these
    questions, here are some most significant
    benefits you may receive when you use online
    checks processing.
  • The transaction cost for online checks processing
    is merely half of the amount you will have to pay
    for credit card processing.
  • It allows businesses to ACH accept checks online
    from clients who do not have the credit card.

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  • It eliminates the mythical use of the voucher,
    thus helps companies save on mailing and
    invoicing.
  • You are a couple of steps ahead of your
    competitors who only accepts credit card
    payments.
  • Your essential personal and account information
    are safer and more secure as compared to that
    with credit cards.
  • With check by phone or by fax processing and
    other online checks processing, you will not need
    to deal with chargeback's like that with credit
    cards.
  • Online check payments, checks by phone and checks
    by fax all allow you to save time and money that
    you typically need to invest when processing
    physical checks.

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  • It can help you handle payments in a more
    efficient way, thus allowing you improve your
    business cash flow.
  • If you are accepting monthly payments from your
    clients, you can receive the payments on time.
  • With online checks processing, you will not need
    to wait days and weeks for the physical checks to
    be mailed.
  • You can be able to deposit and get access to your
    funds faster as compared to credit cards and
    physical check processing. As a matter of fact,
    you can already see your funds reflected on your
    account in as fast as 48 hours or less.
  • With online checks processing, you can also
    collect and quickly identify past due accounts.

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