You can print checks instantly using Zil Money, the complete Versa check printing alternative. The platform allows you to issue checks quickly without needing validation details, so all vendors get paid on time.
The prominence of checks is not fading away. Checks are still a widely used payment method by several businesses and individuals. According to Federal Reserve Data, the value of check payments rose from $1,908 in 2018 to $2,430 in 2021. By 2021, the total value of check payments reached $27.23 trillion, accounting for roughly 21 percent of the overall value of noncash payments.
Checks are still a reliable payment option for event planning businesses. Event planning companies often use checks because they are easy to use and dependable for a variety of transactions. Checks help with paying vendors, covering last-minute services, and handling deposits, making financial management more organized.
Click Here to See Interactive Demo
What Is Pre-Printed Check Stock?
Pre-printed check stock as the name indicates has all the vital data printed on it. The key details printed on it include bank information, account information etc.
Five Drawbacks of Pre-printed Checks
Security Issues: Pre-printed checks contain all non-variable data already printed on it. This increases the chances of fraud and unauthorized access if the check is lost or stolen.
Wastage: Pre-printed checks are prone to wastage. Sine these checks have all the information printed on it, any changes in account information make them ineffective. Consequently, these checks result in significant wastage of money and paper.
Expensive: Apart from fraud risks, pre-printed checks are expensive because of customization and shipping fees involved.
Time Consuming: When you order pre-printed checks it will take around 2 to 5 days to get it delivered. The delay can affect business operations in case checks are needed immediately.
Lack of Flexibility: If any data needs to be changed or check designs need to be altered, business will face challenges. They have to reorder new checks, which can be both time consuming and expensive.
Why You Should Use Blank Check Stock?
Eliminate Wastage: Blank check paper allows you to print checks according to your requirements. Since checks are only made when needed there is less wastage.
Cost-Effective: Pre-printed checks require large initial orders and other fees like shipping charges are also levied. With blank check stock you can print checks on demand.
Flexibility: Businesses often have to change account information as needed. Blank check stock accommodates these changes easily.
Cost Comparison: Pre-printed VS Blank Check Stock
- The cost of Pre-printed checks varies between $50-$80 for every 250 checks. The price may vary based on the level of customization required.
- Blank check stock can be purchased in higher-quantity bulk orders, allowing you to acquire around 1,000 checks within the same price range.
Consider a situation where the event planning company is overseeing a grand event which involves coordinating various vendors. As the date of event gets closer, you find out that several payments must be processedquickly. With Zil Money, you can make checks for each person you owe money using blank check paper and regular printer. You can issue the checks easily, ensuring that the event goes smoothly.
Professional and Customizable Checks
Branding is very important in the field of event planning. Zil Money helps event planners to create checks that align with their branding needs. With the platform’s drag and drop design feature you can easily add unique font style, background images etc. By utilizing the cloud-based platform for check printing, event planning firms can ensure that all their checks adhere to quality.
How to Customize Checks with Zil Money?
- Login to Zil Money and select Bank Accounts.
- Select your bank account.
- Click on Edit Design, which takes you to the check designing page.
- From the check designing page, you can add elements, make necessary changes & click Save.
Manage Unexpected Event Cost
Event planning is unpredictable, sometimes unexpected cost can pop up at the last moment. The surprise cost can include an extra service, more decorations. You can meet these last-minute needs with Zil Money. Event planners can print checks right away using the check printing software. This feature helps planners sort out issues quickly.
Affordable Check Printing
Budgeting is essential in event planning. Event organizers have to make payment for different vendors, suppliers etc. Zil Money lets you print checks on blank check paper using a regular printer. Printing checks on blank check paper is affordable as it reduces the check printing cost by 80%. Being able to print checks as needed reduces waste from unused pre-printed checks. This approach helps event companies make the most of their financial resources.
Combatting Fraud
The platform offers strong security tools such as encryption and positive pay to stop unauthorized check access. The positive pay feature makes sure that only checks that are approved can be processed. Businesses need to provide their bank with a list of checks that are allowed. The bank compares this list with all checks submitted for payment. This feature helps protect your account from fraudulent checks.
The demand for instant check printing is rising as it resolves any payment issues swiftly. The cloud-based platform’s customizable check printing features make it easier to handle transactions. The ability to utilize blank check paper further aids in this process. By taking advantage of what Zil Money offers, companies can create great events without worrying about financial issues.
