Checks have declined in usage in the United States; however, many business owners and companies still prefer and accept only checks as their preferred mode of transaction. Paying rent or utility bills by checks can become expensive over time.
It is businesses and the government that write most paper checks, according to a report by Federal Reserve Payments Study (FRS 2018). Also, check payments had a relatively high average dollar value, around $300 compared to other payments.
To provide a better, faster, and more reliable check transaction for small businesses, Zil Money started an online cloud-based check printing platform to seamlessly create, print and send your checks to vendors and suppliers online. Over time more than 1 Million customers have used our check printing facility to print and mail checks, including small business owners, federal agencies and charitable organizations. We have successfully processed over $38.13 Billion in check-based transactions on our platform, and our valuable customer base keeps growing with time.
Who do Customers Pay Using Checks
In a Federal Reserve Bank of Atlanta survey, the top four categories for making check payments included financial, landlord or owner (rent), taxes and fees paid to the government, and tuition (schools, colleges, childcare).
Payments to financial services were the most common use of a paper check, with forty percent of checks written to pay a debt or make a financial transfer, pay utilities, and make charitable donations.
The study also reflected that more than 15 percent of all income payments are made with paper checks.
Traditional Way of Making Check Payments
The most common way to get your checks is ordering checks directly from your bank; however, it can be the most expensive route, with a single check leaf costing thirty cents and a box of 100 checks for around $30 on average.
Also, stores like Costco, Walmart, and Sam’s Club offer cheaper checks online. The downside, however, is that it could take up to 7 to 15 business days to reach you on standard delivery. Shipping charges apply, and expedited delivery would cost you an additional dollar amount.
Moreover, ordering designer checks with custom check designs could cost you more. Waiting for your checks to arrive can be a frustrating experience, especially when you need to settle payments with vendors or suppliers immediately. Sometimes this can lead to missed or late payments, which could harm your business reputation.
As a business owner, you’re the one vendor, clients, and customers depend on to receive payments. You probably already know that writing and tracking each check takes a lot of time and effort. Why not go for software that can automate and streamline your check-based transaction online in a secure cloud-based check printing platform?
Why Outsource Check Printing to Zil Money
Zil Money is an all-in-one finance platform for SMEs that helps you print checks instantly on demand from the convenience of the office/home. No need to download or install. Sign up on our cloud-based platform and connect your bank account to pay and get paid by printable checks, eChecks, ACH, and Wire Transfers.
Buy some blank check stock from your nearest office supply store or Amazon and start printing checks on demand using any regular printer. Thanks to the Checks 21 Act, you can print checks and deposit them in banks like regular checks or mobile deposit checks by capturing the front and back of your checks. Banks usually process such checks the following day using OCR (Optical Character Recognition) technology.
Moreover, you can create and mail your checks directly to the vendor/supplier address with one click check mailing facility by Zil Money. We print your checks in high-quality blank check stock in less than one hour and hand it over to the USPS or FedEx for same-day or overnight delivery with a price starting as low as $1.25, including postage. At the same time, the average cost of cutting and mailing a check is around $7.78 per check.
Benefits and Features of Cloud-Based Check Printing Platform
You can connect with over 22000+ banks and financial institutions in the United States and Canada and print checks in their formats on our platform. This makes it easy to print checks like Bank of America, Chase, and Wells Fargo checks instantly on demand on blank check stock using any printer you already use without paying your bank a visit or buying expensive checks online.
Moreover, you can print checks in multiple formats- Voucher Checks, Three-Per-Page, Check on Top, Check on Bottom, Check on Middle, and Wallet size checks. It is compatible for printing checks from QuickBooks and other accounting software. With integrations with multiple accounting software like QuickBooks Online, Xero, Zoho Payroll, and Gusto, you can directly import your checks to our platform and print them single or in batches as your preference.
Accountants and bookkeepers trust the platform to streamline accounts payable and accounts receivable in one platform. With a digital checkbook register and auto reconciliation, you no longer have to worry about keeping track of bounced or pending checks. Increase cash flow visibility and scale your business with the all-in-one finance platform that lets you pay and get paid by printable checks, eChecks, check drafts, ACH, and Wire transfers at the lowest transaction fees.
Final Verdict
We provide a better accounting solution for small and medium businesses to transact and increase margins over our competitors like Bill.com and Melio with better pricing and more features. Try our 14-day free trial, and we are sure you will upgrade to our paid plan as it encompasses all features for AP AR automation, including checks, pay by credit card, ACH and Wire at affordable prices. Additionally, we provide a 60-day money-back guarantee if you’re unsatisfied with our services. Sign up today only at zilmoney.com.
