Checks By Phone
Learn how you can save time and money by accepting checks by phone from your own computer instead of going down to your local bank.
How do you accept a check by phone?
You simply convert a paper check received from your customer into an electronic check. All you need is the customer’s authorization in writing, the routing and bank number and you’re all set.
Now you will be able to move funds from your customer’s account to your own account. You may have heard of this referred to as an electronic check or e-check. All of this occurs through what is known as the Automated Clearing House (ACH). This is the clearing house of the Federal Reserve. If you’re looking to get your money quick and fast then this is a great way to go.
We really like Green By Phone. Below you will see a list of reasons why. It’s a user friendly web based system that you can start using today.
- No software needed
- No setup fees
- Low transaction fees
- Recurring check processing available
- Free to sign up
- No approval process needed
- No monthly fees associated with opening an account
- Secure online gateway
- No chargeback fees
- Email Invoice capability
- 24/7 customer support team
- Never have to purchase supplies
- No reject or NSF fees
- Verification technology that lets you know if a customer may be a high risk
- Fraud detection that allows you not to be scammed
- Process and receive checks in the same day
- No more waiting for checks to come into the mail
- Scrubbed against all national check databases
- Pay Now buttons that you can place on your website
We recommend: NACHA.org , this organization oversees all ACH transactions. Visit their website to learn more about the system behind electronic check transactions.
Electronic Payments.org is another great online resource to learn about how accepting checks by phone can benefit both you and your customers.
For additional information about the business processes you must follow when processing checks electronically, see “Introduction to Check Conversion.”
Tips For Choosing an Electronic Funds Processor
- Select a company that does not require you to purchase software or hardware before you can begin to process checks electronically
- Select a company that provides you with a fixed rate per transaction instead of a percentage of transaction
- Select a company that securely stores your customers sensitive information
- Select a company that also provides a bill pay service as well as recurring payment processing
- Select a company that has a powerful security and encryption tools in place such as a 1024-bit Digital Certificate, 128-bit encryption, and a SSL (Secured Socket Layer) compliant with CISP — Cardholder Information Security Platform.
Tags: accept check by phone, ach, check by phone, checks by phone, electronic check processing, electronic checks processing