E-Check Recurring Overview
CheckVantage offers e-check recurring payments as an added service and convenience for your customers. This will be an added benefit for your company while stabilizing your cash flow operations. Recurring e–check payments are set up for customer´s accounts that have monthly payments.
Your customer´s account is automatically drafted at a specific time each month eliminating the need for them to send a paper payment.
Benefits
- Increases cash flow
- Added convenience for your customers
- Removes the need for human intervention
- Increases bottom line profitability
- Saves time & money
- Eliminates Costly Billing
How Does It Work?
A payment is scheduled by your company to run at a designated time each month. By utilizing the latest technology your company benefits from receiving these scheduled payments on time without any billing each month. This reduces your costs associated with accounts payable labor and increases profitability. Our on-line reporting makes the process completely automated by delivering an electronic file that updates your accounts receivable and cash.
Why Does It Work?
CheckVantage offers the technology necessary for delivery of an e-check directly from a customer´s bank account and deposits it into your bank account at a designated time set by your company. This process can use an ASP model or can be delivered directly through a batch file process mode.