The New
Online Economy
No one can dispute the fact that the Internet is changing the way
Americans do business. The Internet's growth over the last few years
has been staggering. There are an estimated 125 million adults online
in the United States. More people are buying, too. In the last nine
months of 1999, Internet sales increased a robust 40%. Consider these
other incredible statistics:
- During the holiday season last
year (November to December 2001), more merchandise was sold over the
Internet than during the entire year
- There are an estimated 375 million websites
currently online worldwide
- Over 3,500 new websites appear on the Internet
weekly
- ANY statistics we can use today are already
outdated...
Checks Can Now Be Accepted Online
As online retailing continues its meteoric rise, merchants are
searching for more and better ways to handle their customers' online
transactions.
Many online businesses already offer credit card payment options, but
are finding that their inability to accept cash or checks prevents
them from maximizing sales. The Impact Online Electronic Check allows
online merchants to easily accept and process electronic check
payments directly from their website.
Benefits of Online Electronic Checks
The benefits that Impact's Online Electronic Checks bring to online
merchants are numerous. A large number of Americans do not have a
major credit card, and many who do have reached their credit limits.
Obviously, the merchant will make many sales that would otherwise be
lost. Additionally, without this service, if an online merchant wanted
to accept a check from a customer, the merchant would have to wait for
the customer to mail the check. This could take from 3 to 14 days.
Many merchants have found that, even though inventory had to be pulled
aside to fill that order, as many as 55% of the expected checks are
never actually received. This leads to inefficiencies in the entire
inventory and billing process.
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Online Checks
