As a business owner, your goal is to find convenient, time-saving, and straightforward ways to process customer payments. After establishing electronic payment options for your customers via credit and debit card payments, you need to also explore the possibility of accepting ACH payments. These are electronic payments that are carried out through the Automated Clearing House, an extensive network of nearly every bank in the United States.
Showing your support for political issues and candidates is about more than signing petitions. Politics requires funds for campaigning and taking action, and securing that funding no longer only means busting out the checkbook.
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: