ACCEPTING ELECTRONIC CHECKS
Due to the current economic conditions, many consumers have turned to their checkbooks as a means of making purchases in order to avoid increasing the balances on their credit cards. Unfortunately, merchants have also seen an increase in the number of checks being returned due to insufficient funds.
To protect yourself as a merchant, consider accepting checks electronically – it’s less expensive than accepting credit cards, and you can guarantee the checks. Checks can also be submitted up to three times electronically (compared to two times using the traditional method), and with electronic deposits, you will save yourself time by avoiding a trip to the bank. You will also enjoy the same safeguards that you currently have with credit card processing.
For more information, contact us today!
