Online Payment Solutions: Send and Receive Secure Digital Checks

Online Payment Solutions: Send and Receive Secure Digital Checks

Reading Time: 3 minutes

Freelancers make up 34% of the US workforce, and that number is expected to grow even greater in the future. If you offer services on a contract basis, then you already know what a headache it can be to get paid on time and manage your expenses as a solopreneur. Fortunately, there is an all-in-one, cost-effective online payment solution that allows you to invoice easier, send one-off payments, and manage transactions seamlessly.

Seamless Chex’s Paynote is an invoicing and digital check payment processing solution that facilitates transactional tasks to help vendors and contractors generate more revenue. With Paynote, contractors can request payments from customers using an invoice and then receive the money online via a secure digital check. Keep reading to learn how Paynote improves online payment processing to help you save more time and money.

Get Paid Faster

As a contractor, you will spend considerable time on invoicing to maintain positive cash flows. But billing on time is one thing, taking steps to collect payments is another. Providing your clients with an easy online payment solution will likely help them pay you faster. With Paynote, contractors can invoice however they want by placing a link in their standard invoice. This means you won’t need special invoicing software to use Paynote in order to get paid quickly.

Paynote leverages proprietary SeamlessChex technology to allow you to receive payments quickly via digital checks. It can be painstaking for many businesses to give out their account numbers to contractors for completing payments. With this online payment solution, however, you can instantly send an invoice via email and receive fast electronic payments directly into your bank account.

Send Payments with Ease

A man in a business suit handing out one dollar bills

As your business grows, you will need to hire your own contractors for temporary projects like doing graphic design work or creating video content. When using Paynote, you don’t need to set up any complex payroll systems for one-off contractors. The online payment processing solution allows you to send money quickly to temporary workers on your mobile device or within the platform itself. When you use Paynote to send digital checks to contractors, the payment is processed in three simple, quick steps.

  1. Enter the recipient’s name, email address, and the amount to be paid. Once details have been entered and submitted, Paynote sends a digital check to the recipient via email.
  2. The recipient receives a link in their email to click and enter their bank account information.
  3. The money is sent directly to the recipient’s designated bank account. Recipients don’t need a Paynote account to receive funds with digital checks.

Seamless Chex’s online payment solution makes transactions easy for contractors in the way Venmo does for consumers. Businesses can use Paynote’s simplified dashboard to easily set up monthly recurring payments, mass payouts, and more. This will allow you to get a better handle on your accounts payable processes, freeing up time and resources to work on growing your business.

Lower Payment Processing Costs

When you send money with Paynote, you will pay lower payment processing fees than bank wires, automated clearing house (ACH), and paper checks. Using Seamless Chex’s online payment solution, you will pay only $1 for sending a $1,000 digital check. For sending the same amount of money to a recipient, you will pay $30 for bank wire, $10 for ACH, and $4 – $20 for processing paper checks. The recipient will pay nothing to receive money via Paynote.

Besides lower payment processing fees, Paynote helps both senders and recipients eliminate the costs of bounced checks. If an account holder writes a check with insufficient funds to cover the payment, the bank will charge both the payer and payee for the bounced check. Paynote has a real-time bank balance verification system in its online payment solution to reduce returns due to insufficient funds. This technology helps eliminate non-sufficient funds (NSF) fees for both businesses and customers.

Get an All-In-One Payment Solution With Paynote

Paynote prides itself on being the easiest payment processing solution for contractors that want to manage their cash flow better. With minimal set-up required, you can begin sending and receiving payments in no time. Brought to you by the financial gurus who created Seamless Chex, our developers use industry experience and technical acuity to provide one of the most robust online payment solutions for contractors and small businesses.

If you’re looking for a fast and easy payment processing solution that works like Venmo, Seamless Chex’s Paynote can help. We made Paynote with your needs in mind. Never pay another NSF fee on a bounced check or poorly verified digital transaction. With Paynote, you get ease-of-use, convenience, and transactional security. If you need more information on how Paynote can help your business, contact us to learn more or try it here for free.

Right payment solution for you infographic

More Blog Posts