Business world is always unpredictable and uncertain. Dealing with new payment technology should bring convenience and benefits to your business but the complexities involved in credit card processing oftentimes make business owners worry about the end results. Can eCheck payment processing help in making the payment part less cumbersome and more profitable? Let this post pave your way to the little known aspects of eCheck acceptance. Challenges Faced While Dealing With Paper Checks Paper checks take days to get processed before the funds get finally transferred into recipient’s bank account from payer’s account. Not only traditional check processing is time consuming but it is highly vulnerable to frauds too. Checks need to be deposited at the banks and while they are carried away they can be mishandled too. Imitating signatures and tempering the figures mentioned on the checks commonly happen. Businesses these days are alarmed and on high-alert to accept paper check p...
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