Make Paper Checks a Thing of the Past

The Shift to Electronic Transactions in Business

In today’s digital era, numerous activities, including buying and selling goods and video chatting with distant friends and family, seamlessly occur online. Whether you have been in business for 15 years or 5 months, you probably have, or need to, integrated some form of current technology into your business to stay current and ensure you don’t lose business due to lack of payment options with electronic check processing.

The Hassle of Paper Checks

If you haven’t yet adopted electronic transaction management, including checks, it may be prudent to reconsider your payment acceptance and dispersal methods, particularly for check transactions. Checks have become a big hassle for a lot of businesses compared to using credit and debit cards online, but the fact remains that people still use them and look for that as a payment option.

Introducing Electronic Check Processing

Electronic Check Processing makes things a lot easier when it comes to dealing with checks online. Here some things to know:

Streamlining Check Acceptance and Deposit

With Electronic Check Processing, you have the ability to accept and deposit checks online, which eliminates the need to deal with extra paper. Electronic check processing, commonly referred to as ACH, bears resemblance to wire transfers yet accommodates larger sums of money. Moreover, it proves effective for smaller amounts, typically settling within 1 to 2 business days.

Simplified Transaction Process

When you process checks online, the clearing house processes transactions daily by where the check was cashed or deposited, totaling the amount. After that is done they will credit and deduct each account accordingly.

Efficient and Secure Electronic Check Processing

Once processed through the ACH network, typically within 3 to 5 business days, your electronic check transaction results in the swift deposit of funds into your account. However, there are instances where a bank might reject a transaction either before or after clearing. In such scenarios, our system records and includes these returns in your monthly statement. Notably, the ACH network oversees the transfer of approximately $72.6 trillion annually in electronic check payments, underscoring the scale and security of this process​

Choose AVP Solutions for Your Electronic Check Processing

With AVP Solutions, you can accept checks online and feel comfortable doing it. More companies and banks are using ACH processing for direct debit options, direct deposit through payroll, accepting checks online, and converting paper checks. Call us today at 1-800-719-9198 and let us make handling checks online more convenient than ever.