How To Send an Electronic Check in 3 Easy Steps
Do you want to streamline your business by using technology to make faster and easier payments? The solution is simple: learn how to send an electronic check.
If you’re used to mailing out paper checks, then you’ll be happy to know that learning how to send a check electronically is very simple.
In fact, the process isn't much different from working with traditional checks, although the electronic element makes it faster and cheaper.
This means you’ll save time and money while keeping your transactions safe and efficient.
Ready to get onboard and learn how to send an electronic check?
Here are the three steps you'll need to follow:
Step 1: Find a Good eCheck Service
If you want to learn how to send a check electronically, you've got to start by finding a good eCheck service. There are dozens of options out there, so you'll just need to do a little research to find out which one is right for you.
As you research companiesand weigh them against your needs.
You can send digital checks for everything from business transactions to paying rent, so it's important to look for a company with a variety of payment processing solutions that will support scaling your business.
It’s also important to find a service that keeps it simple for payment recipients. You’ll have to create an account to send checks, but your recipient shouldn’t have to!
You want recipients to enjoy the simplest experience possible. There’s no need for them to exhaust themselves learning how to do an electronic heck. They also shouldn’t have to enter sensitive banking information - ever.
Once you narrow down your options, check each site for basic security measures.
2. Make Sure It’s Secure
The last thing you want to worry about when you're learning how to send an electronic check is security. Affirming security is essential if you plan to do any business online, especially shopping or sending payments.
Fortunately, there are simple ways to make sure a website will keep your financial information secure before you enter your bank account information.
The first and simplest thing to check is the web browser. There should be a little padlock symbol to the left of the site address. This symbolizes a secure site. You can click the padlock to view additional site details, such as where their security certificate was issued.
A security certificate functions by proving a website’s identity to the web browser. However, anyone can create one claiming to be a website. That’s why a good browser only trusts sites with security certificates from a reputable source.
If your browser warns you about a site’s security certificate, it may not be fully secure. That’s why it’s factored into the overall safety of the website. If you see the little padlock symbol, that means your browser trusts the certificate. It also means you’re good to start learning how to send electronic checks.
The other thing to consider is how the site actually handles banking transactions. Some sites may use third-party apps, others function through email. Some can save the risk of inputting banking information by establishing a secure and direct connection with both your’s and the recipient’s bank.
Your information is at risk every time you share it online. When a site connects directly to your bank, they’re able to process transactions without storing as much sensitive data on their servers. That means they can verify your bank account and begin the transaction without your routing numbers.
Once you find a secure site that meets your needs, set up an account. It’s usually very straightforward. If the site doesn’t connect directly to your bank, you’ll need to have your information on-hand. After that, you’re ready for the next step in learning how to send electronic checks!
3. Send Your First eCheck
Next, it's time to finally learn how to send a check electronically! Luckily, this is easy to do once you've chosen a payment processor. Most sites keep things as basic as possible: add the recipient’s name and email, enter the check amount, and provide a quick description of the purpose of the payment.
The person or business you send it to enters their destination funding source, the payment is processed, and that’s that!
Once you send your check, you'll receive a confirmation email. You’ll receive another one once the recipient has accepted payment.
But the features don't stop there!
Some companies offer an online checkbook for your eChecks. This allows you to keep better track of incoming and outgoing payments and can be very convenient for freelancers and entrepreneurs.
Real-time check tracking allows you to know exactly when money will change hands. Now that’s keeping an eye on your cash flow.
Sending digital checks is also one of the least expensive ways to process payments online.
With fees as low as $1/check, it’s absolutely critical to consider this option if you do business online. Not to mention the amount of paper, time, and money you’ll save.
Learning How to Send an Electronic Check is Easy!
The way you pay your employees or vendors will never be the same now that you know how to send electronic checks. It’s an extremely easy process, and it has a lot of benefits.
Think about it: no more time and money wasted processing your payment. Digital checks don’t require paper, signatures, or stamps. Just a few quick keystrokes and you’re done. Most services can process your transactions within three days, though some boast as little as two. Certain business plans even offer next-day payments.
The most important thing to remember is to find a company that fits your needs. If your business could benefit from learning how to accept and send electronic checks with all the bells and whistles, don’t be afraid to give them a try!