Using Checks By Phone

Written by Laurie Nichol
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Taking check payments over the phone has always been a gamble for the merchant. While accepting credit card information can be easily verified, waiting for a potentially useless check in the mail is a harrowing experience to a retailer who has been burned many times by returned checks. However, with the advent of new payment processing solutions, using checks by phone has become a viable alternative.

Millions of people prefer using checks to pay for goods and services. Now, you can take advantage of this customer base by accepting their funds. The only thing that you need to do is turn their check information into an electronic funds transfer. Using checks by phone has never been so easy before!

How Does It Work?

You'll need to convert a phone customer's checking account information into an EFT transaction or a bank draft. Then, you enter it into the appropriate software package on your computer and send it through to an ACH processing center. You will have thereby turned a "slow" paper check into a transaction as fast and efficient as a credit card transaction!

Before using checks by phone, a potential customer must understand that their sensitive information will be well handled. Now that this service is becoming more commonplace, people are getting more comfortable with the idea, and starting to be thankful that they no longer have to go through the process of putting a check into the mail. With the right setup, you'll be accepting checks as readily as credit and debit cards, and enjoying a wide customer reach!


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