subject: Know How Of Receiving Checks By Phone [print this page] Although the usages of credit and debit card are on the rise, the expenses and additional record-keeping involved with card payments are not ideal for all businesses. So to expand the customer payment options beyond cash but aren't ready to make the leap to card payments, accepting checks is another option to consider. But accepting checks by phone is the most convenient option of receiving payment. This method of transferring money between parties is time tested, secure, provides a robust trail and works uniformly under any conditions. Accepting checks by phone guarantee that all the businesses will function properly under every condition.
Take Checks Over the Phone
The phone software allows accepting checks via phone. Within the software, the datas are fed and verified. These data are then send deposit-ready paper checks directly to your printer. The most important part is that you get paid instantly and avoid all transaction fees. The software integrates seamlessly, including ACH Processor, using the online payment system. Accepting payments using checks by phone payment software allows you to be in control of sales. The concept of accepting checks by phone as a payment has been embraced since 1970s. The fast development of technology has made it possible for every business to accept checks by phone. Accepting phone checks, commonly called EFT is very convenient to use.
Benefits
instant payment
Accelerated cash flow
Better collections
High security PC-based check production
Competitive advantage
Who Should Use It?
Want to take phone checks, but dont want transaction fees
Would like to print paper demand draft checks
Need to reduce bounced checks
Are looking to decrease follow up attempts
How it Works
Receives verbal permission from the customer to create a paper demand draft check
Enter the verified data provided by the customer
Print a deposit-ready paper check directly to your laser printer
Sign and deposit the check at the bank of your choice
Keep track of payment plans, create notice of intent to deposit letters, and use reports to track employee performance, all within Check software
The software integrates with the ACH processor allowing you to print out checks and/or send to ACH.
Manage it together with all your other payment solutions, including credit card payments, using the all-in-one payment console.
To accept checks by phone is a very simple process. This method is preferred, because agents or sales people increase their likelihood of making an impulse sale, receive quick payments or receive payments from non-credit or bad-credit customers. Receiving quick payment makes a business successful.
