Payment Solutions refer to various means of collecting funds from or sending funds to businesses or consumers. When your customer is face to face, forms of payment can include cash, checks, money orders, and credit/debit cards.
Q: When an order is placed over the phone or Internet or the customer has a residual balance how do you collect your funds?
A: Checks by phone/fax/Internet or credit cards.
The Technology
- Checks by phone/fax/Internet are converted into
either:
- Check draft
- Electronic check
Funds from either conversion method are deposited in your bank account within 48 hours.
The Benefits
- Get paid TODAY and immediately increase your cash flow
- Accept checks by phone, fax or Internet
- Avoid costly credit card processing fees
- Print customer checks and deposit today
- Capture the sale from customers who don’t have credit cards
- Snag impulse buyers
- Pay creditors