
Paper checks should NOT create extra work for you. With EPD you can cash paper checks online – no more Trips to the bank . That means the money is in your bank account faster. When money is deposited immediately, cash flow problems start to disappear.
In addition, you customer service will improve. With the ability to cash checks from any computer you can avoid the awkward “check’s in the mail” conversation. Your clients can read their checking account info to you over the phone, or submit it into an online form. This makes for Happy employees AND happier clients.
Our society is turning into a paperless one. From environmental reasons to tracking to expediting the check cashing process, many businesses are moving everything to electronic check payment processing .
In its simplest form, electronic check processing allows you to take a paper check that you have received from a client and cash it from any computer. Some people refer to it as online check cashing. It works just like cashing a check at your bank. The check can be scanned with a USB plugin (as a bank would do) – OR, as most EPD clients prefer, the check information can just be typed in. Typing the information in allows you to cash checks online from any location - without the need for extra equipment..
Merchant check processing allows your business more flexibility with your check payments. It takes very little time or energy to setup check processing online. On average our clients are setup within 48 hours. From there, the savings start immediately. In fact, accepting a check by phone costs significantly less than cashing a paper check. On average, it costs $1.22 to cash a paper check (labor included). With the EPD system you are only paying 65 CENTS per transaction.
Not only is it easier than waiting for a check in the mail, it is less expensive.
Today we hear a lot of people throwing around the terms “echecks, electronic checks, check by phone, online checks”. All of these terms essentially suggest the same thing: a way to transfer money from a consumer to a business without cashing a physical, paper check.
If you accept checks by phone you’ll get paid quicker. It’s as simple as that. It’s as if you have a check in your hand immediately, then cash it the same day – all without leaving your office. You accept checks because it’s faster than processing a credit card. There is simply no quicker way to be paid than to utilize echeck processing * .
Log in to your EPD Gateway and see all of the checks you’ve cashed instantly. Forget about deposit logs and bank runs. The Easy Pay Direct gateway allows you to see where your transactions are right from your computer screen. You can even find out if a check has insufficient funds within 48 hours. Just think of how much quicker you can resolve those collection issues when you know about them instantly.
*There are many terms for Electronic Check Processing (echeck payment, merchant check verification, online checks,

EasyPay Direct is an independent agent of Electronic Payments
Inc, a registered ISO/MSP with Bankcorp South, Tupelo, MS