Accepting checks by phone allows you to be in control of the sale! The concept of accepting checks by phone historically has been used by insurance and mortgage companies since the 1970s. Technology advances using the internet has made it possible for other industries to accept checks by phone as payments for goods and services purchased over the telephone.

Accepting checks by phone reduces costs and paperwork while increasing your cash flow. Checks by phone gives you the ability to accept checks by phone and fax. Since checks by phone is Web based, only a computer and internet connection is needed. Secure data such as the bank routing number and account number is transmitted to a secure server and the customer’s account is automatically debited and funds are deposited directly into a business account.

Our check by phone software features multi-location support and reporting. User security and authorization levels are customizable and checks by phone has extensive online reporting and scheduling. Checks by phone provides automated email notifications to customers and company staff.

Accepting checks by phone is very convenient to use allowing information to be entered online and processed immediately or saved for future use. Checks by phone eliminates the need for multiple payment software and expensive terminals. Checks by phone is less expensive than expensive credit card processing fees.

There are advantages of accepting checks by phone for both the consumer and the merchant. The consumer saves both time and money. The consumer no longer has to bear the cost of envelopes and stamps when using checks by phone. In addition, the consumer saves the time of having to go to the post office to mail the payment.

The advantages for the merchant are many. By accepting checks by phone, the merchant saves time in a different way. The merchant no longer waits for the consumer to write a check and for the check to arrive by mail thus increasing cash flow. Accepting check by phone also finalizes the sale on the spot for the merchant avoiding the old adage “time kills deals”.

Accepting checks by phone also makes check verification available to the merchant. The Merchant can verify that a checking account has a positive balance and is not frozen or lien against in real time. Check verification tools can also help a merchant determine risk thru the check by phone process.

Common applications for accepting checks by phone range from the collections industry to the mortgage industry. Checks by phone can be used by any industry that collects money remotely particularly for products and services.