Reading Time: 4 minutes
Do you want to streamline your business by using the digital world to make faster and easier payments? Is this your first time using an electronic check, also known as a digital check?
If so, then it’s important for you to understand how to send electronic checks now, so that you start off on the right foot. If you’re used to mailing out paper checks to your employees, then you’ll be happy to know that doing so with a digital alternative is very simple.
The process isn’t too different from traditional checks, but the electronic process makes it faster and cheaper. As a result, you’ll save time and money while keeping your transactions safe and efficient.
Are you ready to join the 21st century when it comes to checking? Here’s a little guide on how to send electronic checks in three easy steps:
- Find a Good eCheck Service
- Make Sure It’s Secure
- Send Your First eCheck
Learning How to Send Electronic Checks Is Easy
1. Find a Good eCheck Service
If you’re wondering how to send electronic checks, the best place to start is the internet. Good thing you’re already here! There are many options for sending checks online. Do a little research to find one that’s a good fit for you.
As you go, consider all the options and weigh them against your needs. Digital checks are used for everything from business transactions to paying rent. A quick search will return a lot of results. So, how do you know which ones are better?
Look for a company with a variety of payment processing solutions that will support scaling your business to a high-volume. They tend to have faster payment processing. They’re also more likely to work with your business type.
It’s also important to find a service that keeps it simple for the recipient. You’ll have to create an account to send checks, but your recipient shouldn’t have to! You want your recipient to have the simplest experience possible so they enjoy doing business with you. There’s no need for them to exhaust themselves learning how to do an electronic check. They also shouldn’t have to enter sensitive banking information.
Once you narrow down your options, check each site for basic security measures.
2. Make Sure It’s Secure
Most people are familiar with basic cybersecurity. Affirming security is essential if you plan to do any business online, especially shopping. There are very simple ways to make sure a website deserves to be trusted with your financial transactions before you get started learning how to send electronic checks. That’s why it’s always best to check a few things 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 works 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 working 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
The process of how to send electronic checks is extremely easy once you’re signed up. Most sites keep it to the basics: fill out the recipient’s name, email, the amount, and a quick description. The person or business you sent it to enters their destination funding source, the payment is processed, and that’s that!
Once you’ve learned how to do an electronic check for the first time, you will receive a confirmation email. You’ll receive another one once the recipient has accepted payment. Of course, you’ll also have a lower bank balance as evidence. It’s really that easy. Not only that, some sites offer a lot of extra features that make the financial side of life so much simpler.
For instance, some companies offer what is essentially 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 Electronic Checks 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! Many places offer free trials.