A New Option For Payments
Less than half of the American buying public carries a credit card,
and less than half of those who do have a credit card actually use
it. Internet and phone transactions traditionally have presented a
problem for customers who want to pay by check.
Now with Impact's Electronic Phone Checks, customers can pay by phone,
which allows merchants to accept payment for merchandise purchased and
for payment on accounts. Any business that accepts checks can enjoy the
ease and profitability of Impact's Electronic Phone Checks.
Why
Phone Payments Make Sense
- The process for accepting payments over the phone is simple.
- On average, phone payments take less than a minute per
transaction.
- Impact will educate you on all the rules to be Federal Reserve
compliant.
- Payments can be accepted 24 hours a day, 7 days a week, 365 days a
year.
- Payments can be accepted for future dates.
- Multiple payments can also be set up over the phone.
- Faxed checks are acceptable for payment.
How It Works
Electronic Phone Checks are an extension of Automated Payments. Now
merchants' customers can authorize deductions from their bank accounts
to pay for goods or services purchased over the telephone. Merchants can
now offer a payment option to customers who do not have a credit card.
With Impact's Electronic Phone Checks, accepting a customer's check over
the phone or FAX is easy. The merchant asks their customers for the bank
routing and account numbers, which are printed at the bottom of every
check. The information is then forwarded to Impact's processing center,
which "originates" the transaction for deposit into the merchant's
account in as little as two banking days.
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Phone
Checks
Overview
