More and more consumers are showing their preference toward digital payments, and the use of paper checks is becoming increasingly rare. While there are a lot of online payment methods available, sometimes credit or debit cards might not be an option for your clients, or they might feel more comfortable with checks. The good news is that it doesn’t have to be an either/or choice, either check or online payment, you can get the best of both worlds with eChecks. An electronic version of a paper check, eChecks are a quick, effortless, and viable payment option that can help your business.
How echecks Help your business
Paper checks cost money, and so does postage, envelopes, and ink. Businesses of all sizes, large and small, are always looking for ways to save money. By using Safeguard eChecks you will save on the cost of the supplies it takes to send payments via paper checks. eChecks are also less subject to human error, in case you accidentally write one too many zeros and have to dig around to find the liquid paper correction. In the end Safeguard eChecks can save you $1.00 or more per check.
It’s not that writing a paper check takes hours, but when you have several to write it still takes time. You need to write the check, stuff it in the envelope, and drop it in the mailbox. A mouse click is so much simpler and faster, and if you’re writing dozens of checks that time really adds up. You can send from one to thousands of checks in just seconds, complete with remittance data, to anyone with an email address. That’s up to 70 percent faster than paying by paper check!
eChecks aren’t just faster for the sender, they are faster for the recipient as well. When they sign up for a free virtual Lockbox, they can receive all of their eChecks in one convenient location. Plus, if they bank at a partnering financial institution, they will be able to deposit checks directly into their checking account.
Remove Payment Uncertainty
Standard envelopes don’t come with a tracking device, which means once you put it in the mailbox you don’t know exactly where that check is until it eventually arrives. One of the biggest benefits of eCheck payments is that they are easy to trace. No more wondering if someone got your payment or if it got lost in the mail. With eChecks you’ll have the tangible evidence of transactions, reducing the risk of payment discrepancies with your suppliers, customers, and vendors. You’ll even find that removing payment uncertainty can improve business relations, and is a sure way to keep you at the forefront of their minds for future business.
Virtually Eliminate Check Fraud
Check fraud is the most prominent kind of payment fraud in the United States. Safeguard eChecks come with patented fraud prevention built right in. Our eChecks boast state-of-the-art security features, virtually eliminating the chance of fraud. People receive checks that bounce more frequently than you realize. That’s why eChecks are verified, so you don’t have to worry about “bad checks.” Our security features make eChecks some of the most, if not the most, secure checks on the market today.
Control Cash Flow
The cash flow at a small business can ebb and flow based on a number of things, often things that are out of your control. eChecks can be sent almost instantly, without planning for the time it takes for postal delivery. That gives you better control over when you pay your bills, and more control over the funds coming in and going out from your business. eChecks work with your existing checking account and are also compatible with your current accounting software.
Make Payments Anywhere at Anytime
You don’t need to be sitting at your desk in order to send an eCheck. Safeguard eChecks can be sent from your desktop, laptop, tablet, or smartphone. That means that you can make a payment anywhere and at anytime. Just as long as you are connected to the Internet, you can make an eCheck payment.
Never Run Out of Checks
You’ll never have that sinking feeling of realizing you’re down to your last paper check again. With Safeguard eChecks, you can order them online and have availability to use immediately.
Sending checks is fast, easy, and secure with Safeguard eChecks. With just a few clicks you can deliver any number of checks in just seconds. At Safeguard you will find everything you need to manage your business. We offer smart solutions to help you run your business smoothly and securely. Contact us today to be connected with your personal Safeguard consultant.