As a business owner, you already know that electronic payments save you time and money. In fact, when you calculate the processing fees, man-hours and material costs of traditional paper billing, direct payment can save you as much as $20 per transaction. A business with 10 employees, for example, can reduce annual expenses by up to $2,400 by enrolling its staff in direct deposit.
What is the environmental cost of sending or receiving a single paper check? After all, it's just a slip of paper. How large a footprint can it really leave?
On the surface, paper billing doesn't seem so bad. But every paper-based transaction sets off a chain reaction of additional steps whose cumulative cost to the environment is much higher than you probably realize: