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Checks by Phone: Take Checks by Phone, Checks by Fax or Checks Online With Software Rather Than an Ach Merchant Account

Checks by phone and checks by fax are two great ways to accept payment from customers, clients or collection accounts. Get an edge and use software, rather than an ACH merchant account, and get your money faster, with lower fees.

Using check drafting software is the best possible way accept checks by phone, checks by fax or checks online. Unlike an ACH merchant account, which comes with application fees, monthly fees, transaction charges, multiple day settlement times, and a long list of requirements and regulations, once you buy and receive check drafting software, you can start using it the same day day. There is no merchant account required with check drafting software.

 You can take the customer's checking account details as a check by phone, by fax or online. Next, enter or import the information into the software, and using a laser or ink-jet printer along with a piece of Federal Reserve Regulation 'CC' check stock, you print a physical copy of the check with no signature required. This is called a check draft.

 A draft is for deposit only, but is treated by your bank just like a check you get through the mail or over the counter. Unlike ACH where it can take 2 to 5 days to receive your deposit credit, deposits using software that creates a check draft, are often credited to your ledger balance the same business day.

Using software, rather than a merchant account will save big money in fees.  Because there are no associated transaction fees, and no monthly charges with almost every check drafting software package, your savings could easily be in the thousands of dollars.

Roger Powers

Recognized expert in ecommerce.

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