If you haven’t heard about Deluxe eChecks, you just may be missing out on an easy way to simplify your bill-paying process. Here’s a closer look at how eChecks fit within the scope of other payment options, including traditional checks.
As reported by PYMNTS.com, 64 percent of business-to-business payments are still made by check. In many instances, business owners prefer traditional checks for making payments. Yet, they also demand and deserve payment innovations that match the fast pace of today’s digital business climate. That’s why we developed a payment system that delivers the best of both worlds.
Deluxe eChecks offer all the benefits of traditional checks with the added convenience and speed of an online payment system. You’ll be able to send checks in seconds to anyone from anywhere at the speed of email. They’re cost-effective, easy and secure. And they don’t require additional software or an investment in technology.
Just like paper checks, only faster
Similar to paper checks, eChecks allow you to issue payments to customers and clients, including those without bank accounts. You can send payments with full, free remittance information to maintain a paper trail (without all the paper, of course). Plus there’s no need to share your payee’s sensitive bank information, which reduces the risk of fraud. Deluxe eChecks are designed to help you save time, money and the planet. Think of them as checks for the digital age.
How do eChecks stack up to other bill paying options?
To see if eChecks are right for your business, you’ll want to compare them to other payment solutions out there, including ACH (Automated Clearing House).
Discover the eCheck difference
Each online bill-paying option has its positives, but Deluxe eChecks is the only payment system that:
- Requires only the sender to have an account
- Does not need the recipient’s banking information
- Sends full remittance data with each payment
- Has built-in separation of controls
- Has no additional processing times or rush fees
- Lets you, not the bank, control when a payment is sent
- Provides delivery within minutes
Bottom line? Deluxe eChecks allow you to pay with the confidence of a check while using the speed of email. They’re flexible, secure and easy to use. And they could very well end up being a great addition to your accounts payable.
Editor’s note: This article was originally published in 2015 and has been updated for accuracy and relevance.