Virtual Check Processing For Bad Credit And High Risk Merchants. Now With Low Rates.
Virtual Check is an electronic checking arrangement that empowers organisations to accept check payments safely and economically from their customers using fax, phone, the Internet or via mail.
While this technique is somewhat like ACH (Automated Clearing House) preparing, Virtual Check is an excellent system in various perspectives.
It not only provides you and your customers a wide array of payment options, Virtual Check effectively coordinates into your current shopping basket utilising an API.
Virtual Check V/s ACH
If you are searching for more evidence that accepts e-check payments types are justified, despite all the trouble, consider the following key focuses. Unlike ACH check highlights, virtual check offers merchants a more capacity to reduce the time spent on payment processing.
VIRTUAL CHECK IS CLASSIC FOR EVERY BUSINESS
So now you know what virtual check is? But do know about the benefits of having a virtual check?
Despite your business’ size or volume, Virtual check works for every business and can be implemented for payment towards any service or product. There are some benefits of virtual check:
- Funds deposited promptly
- No deposit trips to the bank
- Convenient 24-hour access to online reporting
- Automated recurring billing at no extra charge
- No installation or upgrades required
- Easy to implement
- Lower processing costs than credit cards
- Get Virtual Checks in 5 Minutes
Industries which are beneficial with Virtual Check Processing
Here is a small list of industries that are in best position to use high risk echeck processing. The rates and settlement options vary because of various elements.
- Loan modifications
- Credit repair
- Multi-level marketing
- Timeshare telemarketing
- Merchant cash advance
- Telephone Call Services
- Adult Entertainers
- Taxi Operators
- Tobacco Merchant Account
- Online Magazine
- Animation Companies
Recurring Billing With Virtual Check Processing
Accepting Virtual Checks is perfect for organisations that bill clients regularly. Recurring payments can be planned using the Virtual Terminal to happen, and the transaction will occur consequently on the booked dates. Merchants can give clients the comfort of setting up automatic payments while guaranteeing prompt payment, making billing and collections simpler and increasingly proficient.
How QuadraPay Can Make Virtual Checks Easy For You?
As QuadraPay is partnered with multiple Virtual Check service providers, our team will work proficiently on your application and will provide you with the best feasible solution. Even if you’re planning to start your business in coming days, Virtual Check will surely help you in reaching your desired destination and receiving payment securely in quick time.
If you’ve any question regarding the Virtual Check Processing, please reach us on +44 05603845586 (UK) and +1 6318321773 (USA).