There are still many companies out there that are dealing with the headache of physical paper checks not realizing that this is costing them much time and money having to have an employee sort out the checks and drive to the bank to make deposits. For many companies that are still stuck in the past, this process may require several trips to the bank to stand in line waiting for a bank teller to deposit checks. Our Virtual Terminal allows your business to process checks by phone, over the internet, or by fax. Our services integrate directly into your website to collect electronic check payments (to accept echecks) from your customers by utilizing our advanced API for ecommerce website or back office application such as Quickbooks and others. We can also support your programmers and technical team with integration into your ecommerce shopping cart software or even do the work completely.
Below are some of the echeck processing solutions that we can offer businesses:
 Our fees are much lower when it comes to NSF or returned check. Checks are return at much lower rate electronically.
You can quickly verify bank accounts and accounts number electronically via our online system.
Cost are much lower depending on the type of business. In most case, you only pay between $0.20 to $0.40 per transaction.
You can process the payments over the phone via a Virtual Terminal. Save you time going to a bank for deposit.
Your customers don't need to send you checks in the mail, you can take payments electronically via the web with recurring payments.
Your volume will see a huge increase with echecks processing allowing your customers to submit their own payments.
Generally, checks will clear within 24 to 48 hours after submission into the system.
If you are a small business and you are currently utilizing paper checks you know how time-consuming the entire process really is as it's labor intensive. It creates more work for your accountant as well. Electronic Checks Processing can solve these various problems associated with the traditional way of depositing them.
Despite the rise of prepaid debit cards, check cards and credit cards, writing checks is still the primary form of Business-to-Business (B2B) transactions. Many businesses are now using the Automated Clearing House (ACH) and the Check Clearing for the 21st Century (referred to as Check 21 within the industry) to send payments electronically. The interesting thing about how small businesses are structured is that they are always the last ones to embrace emerging electronic payment technology when they are the ones who need it the most to streamline business operations as well as cash flow.
Basis for Electronic Check Solutions
We offer companies the ability to have their own account and gateway to process checks electronically as well as gift and loyalty cards can be run through the system. The gateway will provide merchants additional features when it comes to accounts payable, accounts receivable as well as invoicing to automate the payment process, billing and direct deposit to vendors and employees. All of this will improve on the company's operations by accelerating cash flow which will automatically make your life a lot easier. This is certainly an alternative electronic payment solution providing companies with more secure solution than paper checks and faster turnaround time on checks clearing from your customers account. Also you will be at ease knowing that you will no longer have to worry about checks being lost in the mail.
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