When you own a business, making sure that you accept the most popular forms of payment is a big part of remaining profitable. While plastic is easy to accept both online and off, there are still many consumers who prefer to pay with checks and ACH withdrawals from their checking accounts. Dealing with checks doesn’t have to be risky to your business, and today we will look at some tips that can make it much easier to accept checks online.
One thing that definitely matters when it comes to check acceptance is the technology used. ACH payments allow you to verify not only that an account is active, but that funds are available for use before approving a payment. This helps to greatly reduce the rate of returned checks. You will also find that the right check acceptance software can get funds to you quickly while ensuring that you do not have to ship merchandise until the payment has fully cleared. This is an important rule of thumb to follow, and you should be able to track payments so that your shipping department is aware when the funds have cleared and been deposited into your account. Last, you want to find a check acceptance system that can encrypt your customers’ data so that it is protected against theft and hackers. Many people are exceptionally hesitant to enter their account information online, and your system needs to not only keep them safe, but to let them know that they are safe.
If you are looking for the easiest way to accept and deposit checks online, contact AVP Solutions. We put our more than 25 years of industry experience to good use, bringing our customers the latest in merchant account services technology. When your business needs to be able to safely accept more payments, give us a call at 1-800-719-9198 to learn what AVP can do to help!