The more forms of payment you accept, the more likely your business is to grow. The challenging part is finding payment types that are secure. Kratom is considered a high-risk industry, which can limit your access to financial services. We are here to help you overcome those obstacles with convenient eCheck processing.
How Do eChecks Work?
eCheck processing works much like traditional check payments. Also known as an internet check or direct debit, this payment type uses an image of the paper check as a digital representation. The customer enters their bank account and routing numbers at checkout. This creates the check image that’s sent through an Automatic Clearing House (ACH).
Everything is done digitally through secure pathways. No paper is exchanged, and the process is quick and streamlined.
What Are The Benefits of Accepting eChecks?
eChecks can boost your kratom business. What are the benefits of this type of payment?
- More Options For Your Customers – Gives your customers more ways to pay, which makes them more likely to come back.
- Build Your Reputation – eChecks are a widely-recognized, valid form of payment. When you accept them, customers will view you as more trustworthy and reputable. That increases your chances of being recommended to others.
- Fast Payment Processing – Transactions are completed quickly, so there’s less processing time and less hassle for everyone. You no longer have to wait days for a paper check to go to the bank.
- Less Expensive Than Credit Cards – Processing fees tend to be lower than they are when processing credit card payments. Contact us to find out how much processing will cost for your business.
- More Safety Measures – Lower fraud risk because transactions are screened using bad check databases and other parameters. Many security features available with eChecks are not available when accepting paper checks.
- Digital Payments Are Greener – There is an environmental benefit to accepting eChecks. No paper is needed, which makes them an environmentally-friendly option.
- Automation Decreases Errors – Human error happens. The automated processes used with eCheck transactions decrease the chances of an error.
Add eChecks To Your Kratom Business Today
Through our partnership with Virtual Check, we can offer better payment solutions for your kratom business. Virtual Check’s Remote Deposit Capture system provides a safe alternative to accepting paper or plastic. The system can handle any number of payments, whether you accept a few a month or thousands.
Transactions can be initiated on your schedule, whether it’s during the day or after-hours. You can continue using your current bank account and consolidate deposits from anywhere.
If you’re ready to join the other kratom businesses that are accepting eChecks, let us know. We can answer your questions and set up a system that’s secure for you and your customers.