Why should you consider to accept check payment online - PowerPoint PPT Presentation

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Why should you consider to accept check payment online


Gone were the days when businesses accept only cash and credit card payments. If you are one among those entrepreneurs who own and run an online business shop and you are still settling with this traditional way of accepting payments, then you might be missing something valuable in the latest business trend of today. – PowerPoint PPT presentation

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Title: Why should you consider to accept check payment online

Why should you consider to accept check payment
  • Now, you do not just rely on cash, debit and
    credit cards when accepting payments online. You
    can now be able to accept check payment and do
    check verification online. The good news is that
    today, the usual paper check can be converted
    into an electronic file with the help of an
    imaging software like the NY check by fax or
    check by phone software. The electronic check can
    be sent and received via the internet and can be
    used to accept and send payments. This makes it
    more convenient for both merchants and customers
    to do financial transactions online. Thanks to
    advanced technology for making this happen.

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  • Why should you consider to accept check payment
  • Based on the latest survey, many American adults
    refuse to get their credit cards. A good
    percentage of them do have checking accounts and
    most of them also prefer to pay with the check
    than via credit cards. If you only accept credit
    card payments online, then you might not be able
    to serve these percentage of potential customers.
    However, if you do accept check payment, there is
    a bigger chance that you can earn more customers
    and you can as well further increase your profit.

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  • How e-check processing works?
  • The use of electronic checks is now widely
    acceptable around the globe. The electronic
    checks can also be utilised in the same manner as
    the paper check. Although it is possible to
    facilitate e-check payments online, most of the
    merchants use online check processing software
    like the ACH check processing services that helps
    them to do check verification online. The
    services also allow merchants to easily and
    quickly handle funds transfer as well as to
    manage check payments more efficiently.
  • Echeck processing can easily and instantly be
    done. For instance, if a customer from anywhere
    in the United States visit a merchant's online
    retail store and decide to buy something, he will
    be asked about the payment method he will use to
    pay for his purchase. The moment he will click on
    the buy button, he will automatically be directed
    to the payment options. Once he clicks on the pay
    by check option, he will be asked to fill up the
    online form with the details of his electronic
    check. The merchant then promptly submit the
    details to the online check verification
    processing company. If there is no issue with the
    check, the payment funds will then be deposited
    and credited to the bank account of the merchant.
    And that's it.

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