Checks by Fax Software
To enable you to accept checks by phone, fax, or e-mail, from anyone, anywhere so that you or your business can receive payment immediately, even from those without a credit card. The main data entry screen of the software shows you all of the data you need to collect when accepting a check by phone
Accepting a check by fax is a type of electronic banking, and it is legal in the United States and in many other countries around the world. It is always best to verify the legality of this system before purchasing any software, but if you live where you can use the Automated Clearing House (ACH) or a similar type of electronic banking system, there is a good chance that you can accept a check by fax.
The first step to accept a check by fax is to purchase and install the appropriate software on your computer system, allowing you to input all the relevant data from your customer’s check to create a copy of it for printing. Depending on the type of software you purchase and the options you select, you may also be able to verify the customer name, the account, and whether or not the account has sufficient funds to cover the check.
Checks by Fax Software Keygen Latest Version Download
A common scenario would be to take a check by phone from your customers, this could be either an inbound or outbound call, depending on your business. While on the phone, you will take your customer’s name and/or company name and address which is printed on their check. The customer may also give you an optional check number. You will also need the 9 digit routing number and the account number printed on the check. Finally, the check amount must be agreed upon during the transaction.
Checks by phone only require verbal authorization from the paying customer. Recording the telephone authorization or receiving a written authorization is not required, but it is best to have one for your records.When accepting checks by fax or e-mail, it is even better simply because you can visually see the check information so you can save it for later use and as a valid authorization document.
Checks by Fax Software Torrent free
We recommend creating a standard check draft authorization form that your customer can print and fax back to you, or you can request the actual copy of the check to be faxed. After receiving the fax or e-mail copy of the check, you can print the draft check for immediate deposit.
Any business that accepts check payments can take advantage of CHAX check by phone. Common companies include insurance agencies, wholesale vendors, sales and marketing agencies, collection agencies, and many more. ACH transactions are governed by National Automated Clearing House Association (NACHA) operating rules, unlike check drafting software systems like CHAX.All businesses can benefit from taking checks by phone. Check drafts have been in use since the early 1990s, and CHAX is a pioneer in this industry. Many businesses can use CHAX to take checks by phone from customers, tenants, patients, clients, policy holders, and even B2B (business-to-business).
Checks by Fax Software Download 2024
Accepting checks by phone is the easiest and most popular method to use CHAX with. You can take debt collections, accept payment for goods or services, and cater to customers or businesses who do not use credit cards. Just enter info, print, and deposit. No transaction fees, no recurring fees.Check by phone is an inexpensive and secure method of transferring funds. Taking checks by phone, fax, or online do not require a signature. The draft checks that you deposit are just like regular checks: without discount fees, charge backs, or lease fees. By comparison, a mailed check could possibly get lost in the mail or stolen.
Generally speaking, the length to clear and process a check (or check by phone) usually takes about two business days (or 24 to 48 hours) from deposit. In some instances, the check clearing will take up to five business days for the bank to receive funds. How long a check clears will depend on several factors, including your account status, the payer’s account status, and the check amount.
Conclusion:
More commonly named “Draft Check” or pre-authorized paper bank drafts have been in use in the industry since the early 1990s. The main requirement for Draft Checks is that you need written or verbal pre-authorization from the primary checking account holder. After acquiring the pre-authorization, the banks will only need to see a stamp saying that the check was pre-authorized.