Internet E-Checks Overview
Open new markets for your business today by accepting a check online for any online Internet order! Capture a segment of the market that you have been missing.
CheckVantage offers your company the ability to accept checks online. This will increase your company´s sales revenues by touching a new market of consumers. This option allows you to accept a check on-line for any order your company receives.
Industry studies show that there are 120 million Americans that have checking accounts, but only 50% of them have a major credit card. Your company has an opportunity now, to capture payments from these online consumers that may not have a major credit card, but are able to pay by check for your products and services. In addition there are large savings anytime you convert a credit card transaction to an e-check payment.
Benefits
- Increase revenue by touching a new market
- Costs less than a credit card transaction
- Enhance customer retention & loyalty
- Faster order processing vs. mailed checks
- Eliminate CODs
- Reduced processing cost for credits
- Increase Collections / Past Due Revenue
Statistics show the growth rate of Internet e-checks increasing by 71% in the first quarter of 2005. Consumers that use online shopping and other services offered from their home are growing rapidly. Currently there are 200 million people online and this number is growing at 25 million users a month worldwide.
How Does It Work?
CheckVantage offers innovative software solutions which utilizes open mange technology for easy integration of electronic checks with your current programs. We understand the challenges of today´s IT department and have developed tools to assist with the integration. Our strategic processing partners have invested millions of dollars in their solution to enable your company the flexibility of integration with out the hassle. This is most evident with our 24/7 online reporting tool which creates an electronic file that can be customized and downloaded directly into your current accounting packages. A detailed online demo is available. Call us today at 877–243–2501.
In 2002 B2B ACH transactions grew 680% and consumer transactions grew 213%.
Your company has an opportunity now, to capture payments from these online consumers that may not have a major credit card. In most cases electronic checks will deposit directly into your bank account in 48–72 hours. By utilizing our reporting for order management, you have the ability to ship from the all cleared report eliminating any risk associated with NSF checks.
Why Does It Work?
By utilizing software and integrating into your payment module, your clients have the opportunity to pay by check. It works effectively and efficiently and opens new payment methods for your customers. In addition it costs far less than a credit card saving your company money each time a credit card payment is converted to a check payment. No more waiting for the check and no more expensive telephone calls.