Electronic Funds Transfers
Unfortunately, we live in a paperwork jungle. Traditional "tools of the trade" such as monthly billing statements, paper checks, deposit slips, envelopes, and the like can significantly overburden even the best run companies.
In the business world we have also learned that a bill's due-date doesn't necessarily guarantee payment by that date. Most likely, you struggle with an undesired "payment window" that spans many days throughout the month. And possibly into the next month as well.
Also, let's not forget all those reminder notices, phone calls, and other collection related nuisances that continually drain your resources and chisel away at your profits. All in the name of trying to collect for the products or services you provide. It wasn't supposed to be that way, was it?
Well e-Pay Services has a solution. We can help reduce the cost and time you spend processing recurring receivables using this tried and proven technique. Major utility and insurance companies have used this for years and now you can too. It's call Electronic Funds Transfers or EFTs. With EFTs we can show you how to:
Put your receivables on auto-pilot
each and every month
Simply stated, EFTs are used to move money from an originating bank account (your customers) to a destination bank account (yours) using the Automated Clearing House (ACH) Network. The ACH Network spans across the U.S. and interconnects with thousands and thousands of banks. This massive network allows the movement of money to take place electronically. Safely and securely.
With EFTs, your passive billing method becomes an active one.
Here's how you benefit:
- Your billing and processing costs are reduced.
Postage, envelopes, stationary, and manual processing efforts are reduced or eliminated.
- Your time window for receiving payments can shrink to a single date you and your customers specify.
Why spend valuable time chasing payments due? Now, you can focus your energies on more productive tasks--like growing your business.
- No need to purchase expensive software, special computers or equipment.
If you can access the internet, you can use our application. You can harness the power of EFTs right from your desktop. You're in control!
- More cost effective than non-swipe Visa/MC transactions and debit cards.
With EFTs you pay a fixed fee per transaction. There is no discount rate to hike up your processing costs like for credit cards.
- Supports your image as an innovative company that strives to continually support the needs of the customer.
Let's face it. Writing out checks each month to pay bills is a hassle. Your customers will appreciate a billing option that saves them time too! No more "checks in the mail."
Now, it's time for you to decide. Contact our office and get a FREE, no-strings attached consultation.