 What is Checks
by Phone using paper drafting?
Checks by Phone using paper drafting is an extension of the pre-authorized payment system
used by insurance and mortgage companies since the 1970s whereby you can
accept checks over the telephone.
Your customer can
authorize you to create a draft on his or her bank account as a means
of payment for your goods or services purchased over the telephone. Once
you have authorization from the customer, you are in control of being
paid.
Increase Your
Market and Your Profits.
Less than half of the American buying public even owns a credit card.
And you are probably already accepting checks from these customers. Why
not take advantage of the convenience and financial benefits of accepting
checks over the phone? Many businesses already accept checks over the
phone, fax or Internet like they would a credit card:
- Mail Order/Catalog
Sales
- Travel Agents
- Collection Agencies
- Advertising Sales
- Parts Suppliers
- Network Marketing
Companies
- Utility Companies
- Television Shopping
Networks
- Charity Fund Raisers
- Florists
- Pharmacies
- Internet Service
Providers
- Delivery Services
Any business that
accepts checks can enjoy the ease and profitability of Checks by Phone
using paper drafting.
| 150
Million Americans have active checking accounts, however almost 50%
of these individuals do not have a major credit card.
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ETA Associates |
Click on any of the links below to view more details
regarding your specific areas of interest:
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How does it work?
Accepting your customer's check over the phone, fax or Internet can be
as easy as accepting a credit card. Ask your customer for the bank
routing and account numbers, which are printed at the bottom of every
check. You forward this information to the telephone checks processing
center. Our processing center will create a paper check for deposit into your account the next business day.
What does Checks
by Phone using paper drafting
cost?
This depends on the volume of checks to be processed. A very
inexpensive flat rate is typical, plus shipping of your checks if you
specify. There are no minimums or maximums to worry about.
We will process one or 100,000 transactions for deposit the next day.
Now you can offer
credit card convenience to checking account customers by allowing them
to pay by check over the phone, and save the hefty percentage you
are paying to accept credit card payments. If you allow customers who order
over the phone the ability to use phone checks, Checks by Phone using
paper drafting can increase your sales potential by 75 million
customer in the U.S.
Credit Card Convenience
for check customers provides you with:
- Immediate payment
for goods and services
- Up to 100% larger
market - instantly
- Reduced in-house
paperwork
- Increased return
on advertising
- Solid customer
loyalty
- Lower credit
card costs
- Collection of
past due accounts over the phone
- Ship products
faster - no more COD hassles
- Easy implementation
- Paper check
drafts
Key Benefits:
- 150 Million Americans
have active checking accounts, however almost 50% of these individuals
do not have a major credit card.
- Increases your
customer base
- Easy implementation
Cash Flow Now specializes in electronic payment,
ACH processing services and ACH software for businesses. For
additional information regarding the following services, just click
on any of the following links:
electronic
payment,
bad
check recovery,
check by
phone,
check
guarantee,
automated payments,
electronic check conversion,
merchant
account or adult merchant
account.
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