While the use of credit cards has exploded over the last years and many people carry plastic, many people still also use checks. If your business does not accept checks, both online and off, you could be losing money to your competitors who do. When shopping online, people will abandon their shopping cart if they reach the checkout and cannot use their preferred payment method. When shopping offline, people expect to be able to write a check so they can use the money in their bank account. If you cannot accommodate them, they may walk away.
Tag: deposit checks online
Should You Still Accept Checks?
Absolutely. While credit card use has increased, many people still use checks and you could be missing out on sales opportunities if you don’t accept checks. One of the things that consumers do when shopping online is check to see if a merchant accepts the form of payment they wish to use. If they don’t, it’s very common for them to simply move on to find another merchant who does. They’ll even leave a full shopping cart online if they get to the checkout and learn that you don’t accept the form of payment that they intend to use. That means you’re putting money into your competitors pocket. Never leave any stone unturned when it comes to increasing your bottom line.
Accept Checks and Credit Cards with a Merchant Account
A merchant account will enable you to accept checks and credit cards, ensuring you have a safe, effective way to process payments. Most businesses know they need to accept credit cards these days but many customers still use checks so it’s still important to be able to accept checks online (as well as offline). Not offering your customer’s preferred payment method could mean a lost sale.
Make Paper Checks a Thing of the Past
In today’s world, many things are done electronically such as buying and selling items and video chatting with your friends and family thousands of miles away. 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.
Accept Checks Online with Automated Clearing House
Decades ago, they said that we would become a paperless society. And while there are trillions of gigabytes that hold a tremendous amount of data, there are so many paper documents that haven’t made the leap. Thankfully, checks have now gone through the transition from a paper environment to an electronic process that you as a merchant, can take advantage of to improve your bottom line and lessen the turnaround time from a conventional deposit.
If You Want Your Business to Grow, Online Is the Only Way to Go
These days, many successful businesses have an online component. Even traditionally brick and mortar establishments are jumping into the online world to increase their sales potential and their customer base. With so much of life happening in an online world these days, it’s a good idea for even the smallest business to have an online presence so that customers can find them. One way to grow your online business is to offer your customers a wide variety of payment options. This includes not only credit card transactions, but also the ability to accept checks online. Many customers today want to pay by check, and giving them the option can give you a much needed edge over the competition.
Tips for Dealing with Checks Online
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.
Accepting Checks Doesn’t Have to Be a Hassle
When you think of dealing with checks in a brick and mortar store, it can be frustrating. Running checks through…