Electronic Check Benefits
- It costs on average $1.22 to process a paper check, a PaySimple e-check costs you only $.55.
- Check conversion requires very little effort or time to set up, and once it is established, your company immediately begins saving money.
- Check conversion relies on the same secure network used for Direct Deposit and Direct Payment, the Automated Clearing House (ACH).
- The Federal Reserve's Regulation E and the NACHA Operating Rules regulate electronic payments processed through the ACH network. Because of Reg E and NACHA's Operating Rules, consumers have greater protection with check conversion.
- Check conversion is the fastest-growing type of electronic payment ever. Over 1 billion consumer bill payments by check were successfully converted to ACH payments in 2004.
- Check conversion reduces time and resources needed to process payments, resulting in continued cost savings to your company.
- Electronic processing reduces the burden on our nation's transportation systems and the environment. It takes a considerable amount of fuel to ship our country's millions of checks each year between companies, financial institutions, and customers.
Source:electronicpayments.org
Learn more about PaySimple's Electronic Check Processing FeatureLearn More:
- ACH:
- How it Works
- Quick Stats
- Direct Payment:
- How it Works
- Quick Stats
- Benefits
- E Checks:
- How it Works
- Quick Stats
- Benefits
PaySimple Puts E-Checks to Work for You
- Have Questions? Call us now! 800-466-0992
- Customer Testimonials
- Compare Us with Competitors!



