A BETTER BUSINESS STRATEGY ADDING ECHECK21 TO YOUR PAYMENT PROCESSING ARSENAL

in Press Releases

ACCELERATE YOUR RECEIVABLES AND KEEP YOUR CASH FLOW AT A STEADY STREAM

LIGHTNING RELEASES (2/3/2014) – Cash Flow is the lifeblood of your business, and cash velocity (your cash-to-cash cycle time), increases your competiveness.  The less cash you have tied up in operations, the more you have to invest in your business.

Every company’s cash management needs are unique. One of the first things to assess is how readily equipped are you to receive payments.  The challenge of every Accounting Manager is to narrow the date of Invoice to the date of payment.  This payment motto, has spread to business procurement policies as well.

When a merchant client calls your company to authorize a payment debit, most companies rest on the acceptance of a Credit Card payment, rather than a direct check debit, because most companies do not have in place a DPP – Direct Payment Processing Program.  Thereby, making the cost of sale at the highest rate (CNP or card not present transactions, carry the highest credit card rate).

eCheck21 transactions are easy to process and are the lowest cost per transaction rate in the market today. And, payments are settled into your account on the same business day. Having a program that can generate your payments immediately, reduces your receivables and improves your cash flow. You may be used to waiting 30 to 90 days for payments, but that could easily be trimmed down to one day, by receiving and incorporating an eCheck21 Payment processing program into your organization.

With the typical Third Party Processor, it may take two to five days to receive incoming funds. But eCheck21 by Paysoft provides same day funding which reduces your cash-to-cash cycle time when compared with other payment types.

An eCheck21 transaction can cost as little as: $2.25 + 0.65% per transaction.  This is more than a 65% cost advantage.

Paysoft International, Inc can provide solutions for your back office, and on the road (remote) transactions with our Mobile eCheck solution.

www.paysoftintern.com
1.888.242.4922
Nation Wide Service

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