| When you decide to accept electronic checks for | | | | reconsider and will trim down their fees to fit your |
| your business, you would then seek the services of an | | | | budget. |
| e-check processing company or service provider. This | | | | 4.) ENSURE THAT THE ECHECK PROCESSING |
| company will facilitate the conversion of paper checks | | | | COMPANY ALLOWS DIRECT DEBIT |
| payments into electronic check format, process them, | | | | TRANSACTIONS |
| and then deposit the amount into your account. There | | | | In short, if a particular company owes you a monthly |
| are many companies that cater to this type of service. | | | | recurring payment, you can perform direct-debit |
| Some have built a good reputation with years of solid | | | | transactions from their accounts without the need for |
| experience. Others are just starting out. This article | | | | them to send you the paper check. A personnel will |
| gives you important tips to remember when choosing | | | | accomplish this through phone-based transactions. |
| an echeck processing company. | | | | Remember to negotiate for the same flat transaction |
| 1.) NO OUTRIGHT PURCHASE | | | | fees for this service. |
| To begin with, look for a an echeck processing | | | | 5.) SETTLE FOR A COMPANY WITH AN ECHECK |
| company that does not require you to purchase costly | | | | PROCESSING SYSTEM THAT CAN EXPORT |
| software or equipment. You are a businessman and | | | | DATA |
| you want to avoid any unnecessary capital outlay. | | | | It would be a plus factor for your business if your |
| Shop around and look for a service provider that | | | | echeck processing company can export your |
| caters to the needs of your business without shelling | | | | transaction data so you can integrate those data into |
| out much-needed money. Stay away from companies | | | | your current Customer Records Management |
| that require you to purchase equipments. | | | | software smoothly. This type of service is generally |
| 2.) WATCH OUT FOR PERCENTAGE FEE | | | | available from well-established echeck processing |
| Don't be hoodwinked into accepting any percentage | | | | companies. |
| fee charge for each processed check from your | | | | 6.) BE A STICKLER FOR SECURE INTERNET |
| echeck processing provider. Legitimate companies | | | | TRANSACTION |
| charge a flat transaction fee each month, and not on a | | | | Financial transactions sent through the Internet carry |
| per check basis As soon an echeck processing | | | | great risks of being intercepted or hacked. Therefore it |
| company personnel mentions this fee to you, leave the | | | | is necessary that your echeck processing company |
| company's office immediately. | | | | implements the strongest encryption protocol to |
| 3.) NEGOTIATE FOR COMPETITIVE PRICING | | | | protect sensitive customer information. Make sure your |
| PACKAGE | | | | service provider adheres to 128-bit, SSL, secure |
| Converting paper checks into echecks and processing | | | | encryption technology. |
| them electronically is fast, secure and convenient. | | | | 7.) TECHNICAL SUPPORT |
| However, this service comes with a price. Electronic | | | | When things go wrong, be sure you know beforehand |
| check processing companies charge transaction fees, | | | | where and who to call for help. This is oftentimes |
| monthly fees, and other pertinent fees. Since all of | | | | referred to as technical support. And it is imperative |
| them compete for your patronage, why not negotiate | | | | that your echeck processing company maintains a 24 |
| for a competitive package? If you are play fair and | | | | 7 helpdesk that can dispense the necessary |
| honest about it, these processing companies will | | | | assistance you need at any given time. |