subject: Check By Phone Is The Best Way To Business Success [print this page] Telephone has always been technically advanced tool which has a dual function- a profit generator and profit retainer. The business enterprises have very well understood that businesses through telephone are much quicker, more efficient and profitable which is very much essential in todays fast life. There are many aspect of a successful business, sale is one among them and you can improve your sale by accepting checks by phone. This convenient option is for those customers who do not use credit or debit card but who are in need of the products or services you offer. Even the process has become very easy nowadays. The business requires a computer, internet, printer and check stock. The complete details of the customer such as name, address, check number etc are collected through phone. Then you have to convert a customer's checking account information into an EFT transaction or a bank draft. Then feed the information in the appropriate software package on your computer and send it through to an ACH processing center. The check is then generated and ready to place in the bank. This whole process will be fast and efficient. This is not only beneficial for the business enterprises but also for the customer as sensitive information will be well handled. The process of check by phone is becoming very popular as people are comfortable with the idea and starting to be thankful that they no longer have to go through the process of putting a check into the mail. If you accept check by phone you do not require signature, discount fees, charge backs, and leases.
The process is embraced by the clients as well as the business enterprises because of the following reasons.
The number of check returned and bank fee is very less.
The whole process of account verification is fast and so the business becomes fast
The process of transaction cost is minimum
Funds are received fast thus improving the cash flow
Market opportunity is vast due to faster ordering process
This is a very convenient process as all the due accounts can be updated.
All the bill payments and past due payments are accepted by phone without any harassment
If you accept check by phone, your sales increase spontaneously as you are offering an additional payment option to your customer. Those who do not posses credit card can do indulge in online business.
Consumers can easily save time and money as there is no costs of envelopes ,stamps etc
The benefits of business through check by phone are huge and it enlightens a business owners path and takes him to the paramount.
