Ea$yDraft's cutting edge electronic payment services enable your business to collect payments quickly, easily and painlessly by rapidly converting accounts receivable into interest-earning cash. Your costs are based on per transaction fee determined by the volume of transactions processed on your behalf.
Services we provide to manage your receivables:
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ACH
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The automated
clearinghouse (ACH) is a nationwide mechanism that processes electronically originated
batches of credit and debit transfers, enabling funds to be debited from a customer’s
bank account and deposited into a merchant’s account for services rendered or goods
sold.
Benefits of ACH payments:
- Saves time
- Easier than writing a check
- Convenience
- No postage required
- Eliminates late fees
- Credit rating protection
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Recurring Payments
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Automatically processing recurring transactions makes billing and collections easier and more efficient. Merchants who serve a customer base that is billed regularly can process credit cards and checks more quickly and easily. Your customers can pre-arrange to automatically make payments directly from their account to yours. The exact payment is made directly to your company’s account on time, every time. You’ll also get great reporting capabilities that are available from any Internet enabled PC.
Benefits for recurring billers:
- Optimize total cost of payment acceptance
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Eliminate manual processing
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Reduce the cost of customer’s acquisition and retention
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Attract and build customer base
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Enhance customer service
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Improve cash flow
Benefits for customer:
- Simplified and automated transactions
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Less paperwork to manage
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Online transaction history
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Lower costs
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Check Conversion / Remote Deposit
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The check conversion process is simple--instead of filling out
deposit slips and taking checks to the bank, the merchant simply
scans the MAG line (the line of numbers at the bottom of the check)
into an electronic payment processing system and submits it for
ACH processing. Some systems even provide check verification
functionality that can tell the merchant whether the customer’s
account has sufficient funds to cover the check. This significantly
reduce fees and frustrations attached to bounced checks.
Check conversion results in fewer returns, earlier fraud
detection, and fewer data entry errors than traditional paper
check processing.
Benefits:
- Reduced processing cost by switching from traditional paper
check processing to electronic check conversion
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Faster funding and faster notification of bounced checks
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Reduced time spent on reconciliation bookkeeping
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One-stop processing eliminates trips to the bank
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Low up-front costs contribute to high ROI (Return on
investment)
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Credit Card Processing |
Offering your customers the opportunity to pay with a credit or debit card makes it easier for them to buy.
Ea$ydraft provides complete credit card processing for Visa®, MasterCard®, American Express®, Discover®.
We can save your money on every transaction, dropping more profit to the bottom line.
Benefits:
- Lower Credit Card Processing Costs
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Simplify Billing and Invoicing Processes
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Offer Customers More Payment Flexibility
- Retail, MO/TO, and Internet solutions
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Web-Based Payment Automation
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Many electronic payment processing solutions come with online
payment functionality included. This means that a small business
need not own, manage and host its own website in order to accept
payments online. The best systems enable novice users, with no
HTML or programming knowledge, to easily brand and custom
configure their payment forms. Additionally, if the business does
have a website, but does not have SSL (Secure socket layer) and
other security measures in place for storing and transmitting
customer data. The business can use the online payment
functionality provided as part of the electronic payment processing
system as a secure extension of its core website.
Benefits:
- Accept online payments without investing in
a website
- Secure data storage and secure web payment
form hosting included with electronic payment processing system
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Offer Customers More Payment Flexibility
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Centralized Return Check Processing
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Ea$yDraft offers a range of returned check processing services,
from electronic check re-presentment with centralized returns to traditional collections.
Electronic check recovery service is used by a growing number of businesses nationwide.
We can help improve your company’s bottom line by reducing your processing fees, eliminating your collection costs, and expediting the recovery of your NSF checks.
Equally important is the fact that our method is far less intrusive and costly to your customers than conventional check recovery, so everybody wins.
If your business accepts checks, you can't afford to be without Centralized return
check processing.
Benefits:
- Help you obtain the funds owed to your business.
- Reduce your risk in accepting checks
- Get cash in your hands much more quickly
- Help you avoid sending embarrassing letters to your customers regarding bounced checks. Instead, you can recover the funds more quickly and easily without damaging your customer relationships
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