Skip to content
IBS Payment Solutions

IBS Payment Solutions

  • Home
  • Blog
  • Contact Us
  • Merchant Account
  • High Risk Merchant Account
  • Credit Card Processing
  • High Risk Payment Gateway
  • Virtual Terminal for mail orders
  • ACH Payment Processing
  • Cryptocurrency Merchant Account
  • Forex Merchant Account
  • Casino Merchant Account
  • Dating Merchant Account

Recent Posts

  • How to Open a Gaming Merchant Account
  • How do I apply for an Online Poker Merchant Account?
  • Steps in Applying for Merchant Accounts Online
  • Knowing How you Can Save Much On Credit Card Processing Fees
  • Accepting Online Payments: Security Tips For Merchants

Categories

  • ACH and Check Processing Services
  • Adult Merchant Account
  • Bitcoin Merchant Account
  • Business services
  • CBD Merchant Account
  • Credit Card Processing
  • Credit Repair Merchant Account
  • Cryptocurrency Merchant Account
  • Dating Merchant Account
  • E-Commerce Merchant Account
  • Forex Merchant Account
  • Fund Transfer
  • Gaming Merchant Account
  • High Risk Merchant Account
  • High Risk Payment Gateway
  • International Merchant Account
  • International Payment Gateway
  • Merchant Account
  • MMJ Merchant Account
  • MOTO Merchant Account
  • offshore banking
  • Offshore Merchant Account
  • Online Casino Merchant Account
  • Secure Payment Gateway
  • Tobacco Merchant Account

Recent Comments

  • admin on How To Open And Operate Offshore Bank Account
  • MAREK KOZLOWSKI on How To Open And Operate Offshore Bank Account
  • admin on Third Party Merchant Account Services
  • admin on Accept payments with Online Gambling Merchant Accounts
  • admin on How to obtain Adult Merchant Account Solutions?

Archives

  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • June 2017
  • September 2016
  • August 2016
  • May 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

Tag: ACH payment processing

Merchant Check Processing Services 2018

Merchant Check Processing Services 2018

Technology has a come a long way since physically depositing and processing paper checks a decade or so ago. Gone are the days when a merchant had to wait for days for checks to be manually processed. Merchant check processing has eliminated the delay by introducing electronic checks or e-checks, wherein traditional paper checks are turned into electronic transfer. With check processing services, e-checks are processed much more securely and with sophistication.

Merchant check processing services in 2018 has made check payment processing simple and more importantly, faster.

Merchants may consider accepting and processing payments via checks outdated in an era of credit card processing and payment gateways. However, it still is critical form of payment for many kinds of business and customers.  Before brushing off the idea and losing business, merchants should look at the payment options their competitors offer and what payment methods do the customers prefer.

Checks are still a relevant form of payment. Merchant check Processing services provide real-time authorizations and fewer hassles than traditional paper checks and save various trips to the bank.

With different types of merchant check processing solutions available, any kind of merchant can accept and present checks in numerous ways.

Automated Clearing House (ACH):

ACH is merchant check processing service that allows merchants receive payment directly from the customer’s checking account when the check is not present. ACH is a quick, low-cost solution for merchants billing customers on a regular basis or even if a customer is making one-time online purchase.

Point of Sale (POS) Check Conversion:

POS Check Conversion is beneficial for face-to-face transactions. Just like credit card processing, checks can be accepted and processed electronically with POS check conversion. POS conversion services provide the necessary tools for secure transactions. With the use of a check reader or imager connected to the terminal, checks are processed and deposited to your account.

Remote Deposit Capture (RDC):

Remote Deposit Capture technology allows a merchant to scan the check received into an image file and upload it for deposit. The task of manually depositing it at your financial institution is saved and instead the entire process takes place electronically. The RDC system can be designed to meet individual merchants’ requirements.

Image Cash Letter (ICL):

Image cash letter services are ideal for merchants with higher check transactions. ICL services have the ability to convert check information and customer data into a digital form of the check. These services allow merchants to process numerous digital checks together with associated data into a structured file which then is submitted in the form of an electronic deposit.

Accepting Checks for your business in 2018 –

Merchant check processing has numerous benefits, the obvious one being saving time. With checks getting transferred electronically, you don’t have to take frequent trips to the banks and wait for your check to be processed. Faster payment is made possible with check processing services.

If you are working from different locations, no matter where you deposit checks, your funds can be collected at your main account.

Yes, due to the increased popularity of credit and debit cards the frequency of accepting payments via checks and cash has reduced significantly. With check processing services you don’t have to turn away any customers. If you have determined that accepting checks is detrimental to your business, then you should carefully study the above mentioned merchant check processing solutions and pick out the option that best suit your business needs.

Posted on May 24, 2018July 16, 2019Categories ACH and Check Processing Services, Credit Card Processing, Merchant AccountTags ACH payment processing, check processing services, merchant check processing, UKLeave a comment on Merchant Check Processing Services 2018
Proudly powered by WordPress