The Benefits of Accepting eCheck Payments for Small Businesses

Small businesses can benefit from accepting eCheck payments in many ways. It’s a good idea to explore the potential value it can bring to your dental practice before dismissing the idea or missing out on something that can add value to your practice for patients, while simultaneously helping your practice become more efficient and productive.

Increased Security

Whether your dental practice handles high dollar checks or multiple checks for small amounts of money each and every week, the need for security is vitally important to protect the financial state of your business, as well as the personal and identifying financial information of your patients.

Electronic checks provide one of the most secure means for accepting payments on the planet today. Your information and that of your customers is protected with 256-bit encryption, public key cryptography and countless other security measures designed to give you and your customers peace of mind.

Greater Efficiency

Small businesses today are always looking for ways to become more efficient. How about the efficiency of eliminating the entire step of delivering checks to the bank day after day? How much time will that save over the course of a year? More importantly, how can your business benefit from faster access to the cash proceeds from customer payments?

Other Benefits of Accepting eChecks in Your Business

Some of the other benefits you might want to keep in mind as you decide whether or not accepting electronic checks or ACH (automated clearing house) payments is the best course of action for your dental practice include the following:

  1. Eliminate paper waste of thousands of checks each year thereby helping to preserve the environment
  2. No need to store checks while waiting delivery to the bank
  3. Offering expanded payment options to customers
  4. Fewer instances of fraud
  5. Lower processing costs
  6. Greater flexibility when selling products from brick and mortar businesses on the World Wide Web

Businesses really appreciate the fact that they no longer need to wait for consumers to actually write checks and mail them in or find themselves at the mercy of a postal service – a process that sometimes results in lost checks in the mail. On the flip side, consumers appreciate the fact that they no longer have to worry with keeping up with bills or making payments on time. Everything is automated for them.

As you can see there are quite a few reasons to take a good, long look at electronic payments and how they can possibly benefit your dental practice as you move your business forward.