A bank draft can be instantly created via the platform to guarantee payments. Without leaving your comfort zone, users can create and print checks and check drafts easily.
Black Friday is the Super Bowl of shopping—a day when businesses gear up for record-breaking sales and customers hunt for unbeatable deals. In 2023, $9.8 billion was spent online in a single day, with the average shoppers shelling out $313.
But in the chaos of ringing registers and sold-out signs, one question looms large for business owners: How can I ensure secure, smooth, and stress-free payments from customers? The online check printing software allows users to create and print check drafts from anywhere.
Check drafts can help you secure your earnings and transactions and keep your cash flow as steady as the holiday rush. Let’s dive in and discover how to utilize the check draft payment methods, which deserve a spot in your Black Friday sales!
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Mom-and-Pop Shops can Struggle During Sales Seasons Due to:
- Waiting for checks to arrive in the mail can delay cash flow during the busiest time of the year.
- Personal checks from customers can bounce due to insufficient funds, creating financial and operational headaches.
- Recurring or installment payments can be tricky to manage and track with traditional payment methods.
- Fraudulent check transactions can disrupt sales and lead to financial losses.
What is a Bank/Check Draft?
A bank draft is a payment that is like a check, but its amount is guaranteed by the issuing bank. The funds are drawn from the requesting payer’s account and are then placed in the bank’s reserve account until the draft is cashed by the payee. Zil Money allows you to create and print check drafts remotely without any special equipment. Users can create check drafts from their mobile phone or webpage and get paid by entering the payer’s account details after authorization.
How To Create Check Draft?
- Open Zil Money’s payment platform.
- From the side panel, click on ‘Receivables.’
- Select ‘Check Draft.’
- On the main panel, click on ‘New.’
- Add payer details, amount, date, check draft number, etc.
- Click on ‘Ask For Permission’ if needed.
- Save, send, or print the check draft.
Why Zil Money to Create Check Draft?
For mom-and-pop shops, every second counts during the Black Friday sale, and waiting for pre-printed checks can put unnecessary brakes on your cash flow. Enter the convenience of Zil Money’s over-the-phone bank drafts—a game-changer for secure payments.
Users can simply collect their customers’ authorization, add their checking account, and route information into payment software. Then, with a standard printer and blank check paper, users can generate a check draft on their behalf. The checks will be marked with “No signature required and approved by the depositor.”
These check drafts can be deposited just like regular checks, eliminating delays and giving you immediate access to funds. Whether it’s a one-time purchase or part of a recurring payment plan, check drafts offer flexibility to match your agreement with customers. It ensures smooth transactions, less waiting, and more time to focus on serving your holiday shoppers. The all-in-one platform provides reliable, quick, and customer-friendly service to keep sales rolling and stress at bay.
Why Use Check Draft During Sales Season?
Guaranteed Funds
Check drafts are backed by the issuing bank, ensuring that the funds are available. Small businesses can confidently record the payment, knowing they won’t face issues like insufficient funds or bounced checks.
Larger Payments Made Simple
Zil Money allows you to create check drafts for higher volumes of payments without limits. Businesses benefit from higher-value transactions with immediate confirmation of funds.
Reduced Risk of Payment Disputes
Since check drafts are non-reversible once issued, businesses face less risk of disputes or chargebacks compared to other payments.
Easy Pre-Sales and Reservations
Businesses can create check drafts for pre-orders or reservations of high-demand items. Users can guarantee payments during the Black Friday rush.
No Hidden Fees
Zil Money offers affordable payment services with no hidden fees. The pay-as-you-go model helps users pay for services that they use. Businesses receive the full amount directly, maximizing profits on every sale.
Easy Accounting
Payments made via Zil Money are easy to track and reconcile, reducing errors and simplifying the accounts receivables process. The platform offers a detailed history of every transaction on a single interface for free. Small businesses can easily categorize and calculate their accounts receivable from anywhere without other software. The all-in-one platform is helpful during the hectic Black Friday period.
Secure Transactions
Zil Money offers encryption and multifactor authentication to safeguard your funds and transactions. With robust security features, illegal access and transactions are restricted on the platform. Users’ financial information and funds are completely safe during busy schedules.
Conclusion
Zil Money offers mom-and-pop shops a reliable, secure, and efficient payment solution during the Black Friday rush. With no hidden fees, easy pre-sales management, and advanced security features, the platform ensures that businesses can focus on serving their customers. Users no longer need to worry about cash flow disruptions. It’s the ultimate platform to keep sales rolling smoothly, maximize profits, and maintain financial peace of mind during the busiest shopping day of the year.
