1 / 11

Understanding the differences between e checks & paper checks

In the past, paper checks were one of the most used payment method but with the advancement in e-commerce many customers are deviating to electronic checks.To find the difference between the both visit: https://www.onlinecheck.com/blog/merchant_services/understanding-the-differences-between-e-checks-paper-checks/

michaelgavin
Download Presentation

Understanding the differences between e checks & paper checks

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. UNDERSTANDING THE DIFFERENCES BETWEEN E-CHECKS & PAPER CHECKS www.onlinecheck.com

  2. Customers make payment in three manners: • Credit card & Debit Card • Money • Paper check

  3. What is a Paper Check? The money is drawn straight from the checking account, and the most customer perceives a check to be the safer payment method as compared to the cash.

  4. What is an Electronic or E-check? An electronic check comes with a tracking number or ID same as a paper check. Both, the payer and the payee can keep track of the payment.

  5. Lets figure out the major differences between a Paper Check and an E-check

  6. Total Costs E-check is a cheaper mode of payment. In addition to this, the e-check system provides more security to its users.

  7. Utilization rate E-checks have more compelling and financially efficient features.

  8. Human and Machine made errors If efficiency and accuracy are your priority, e-check is the best mode of making and receiving payments.

  9. Data The information about the payment, payee, and payer is limited on the paper check. And most importantly when you lost the paper check you lose the data.

  10. For more information visit Merchant Advisors Apply today @Onlinecheck.com

  11. GET IN TOUCH Address E-mail Phone 9-5 Novelty Lane Suite B Essex, Ct 06426 info@merchantadvisors.com (833) 827-4412 Social @onlinecheck

More Related