Digital Wallet for Business: Store Funds & Send Payments Instantly
Manage your business finances with a secure digital wallet that combines fund storage with multiple payment methods. Pay vendors via ACH, wire transfer, virtual cards, or checks – all from a single platform.
OnlineCheckWriter.com- Powered by Zil Money is a fintech, not a bank. FDIC coverage is provided through our partner banks Texas National Bank and Lincoln Savings Bank.
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Understanding Digital Wallets
What Is a Digital Wallet?
A digital wallet is a secure electronic system that stores your payment information and funds digitally, allowing you to make transactions without physical cards or cash.
How Digital Wallets Work
Digital wallets operate through a simple yet secure process:
- Setup: Add funds directly or connect to your bank account
- Storage: Payment information encrypted and stored securely in the cloud
- Authentication: Authorize transactions through PIN, fingerprint, or facial recognition
- Transaction: Wallet transmits encrypted payment data to complete purchase
- Confirmation: Receive instant notification and digital receipt
The Technology Behind It
Digital wallets use cutting-edge security technology:
- NFC (Near Field Communication): Enables tap-to-pay at contactless terminals
- Tokenization: Replaces card numbers with unique encrypted tokens
- Biometric Authentication: Fingerprints or facial recognition verify identity
- End-to-End Encryption: Protects data during transmission and storage
- 256-bit Encryption: Military-grade protection for all stored data
Why Choose Digital Wallets
Benefits of Using a Digital Wallet for Your Business
Streamlined Operations
Eliminate the chaos of managing multiple payment systems. Your digital wallet becomes your central command center for all outgoing payments with a single dashboard to view all transactions.
Significant Cost Savings
Save up to 70% on payment processing costs. ACH transfers from $0.29 (vs. $1-$3 at banks), wires from $10 (vs. $25-$50), and unlimited check printing at zero cost.
Enhanced Security
Military-grade 256-bit encryption, tokenization, multi-factor authentication, fraud monitoring, and complete audit trails. SOC 2, PCI DSS, ISO 27001 certified.
Improved Cash Flow
Real-time balance tracking, payment scheduling, spend analytics, budget controls, and instant reconciliation with accounting software.
Better Vendor Relations
Send funds instantly instead of making vendors wait weeks. Professional payment notifications, multiple payment options, and reliable timing improve relationships.
Maximum Flexibility
Choose from 6 payment methods: ACH, wire transfer, virtual cards, printed checks, email checks, or mailed checks – all from one wallet balance.
All-in-One Solution
Six Payment Methods, One Wallet
Send payments using any method your vendors prefer – all from the same wallet balance
Most Popular
ACH Transfers
$0.29 – $5.00
Speed: 1-3 business days
Best for: Recurring payments, payroll
Limit: Up to $1M per transaction
Same Day
Wire Transfers
$10 – $45
Speed: Same day
Best for: Large, urgent payments
Domestic & International
Free
Virtual Cards
Free
Speed: Instant
Best for: Subscriptions, one-time vendors
Single-use card numbers
Print Checks
$0.8 – $1.00
Speed: Immediate printing
Best for: Local vendors
Unlimited printing on your printer
Email Checks
$0.29 – $0.99
Speed: Instant delivery
Best for: Remote vendors
One-time printable PDF
Check Mailing
$1.25 – $24.99
Speed: 1-5 days
Best for: Hands-off delivery
We print, stuff & mail
Digital Wallet vs. Traditional Banking
Feature
Traditional Banking
OCW Digital Wallet
Monthly Fees
$15-$50/month per account
$0 base (pay per transaction)
Wire Transfer Fees
$25-$50 domestic
$15-$25 domestic
ACH Fees
$1-$3 per transfer
$0.29-$5 per transfer
Payment Methods
Limited to bank offerings
6 methods in one platform
Setup Time
2-4 weeks
5 minutes
Integration
Limited or none
30+ accounting platforms
FREQUENTLY ASKED QUESTIONS
What is a digital wallet?
A digital wallet is a secure electronic system that stores your payment information and funds digitally. For businesses, it enables you to make payments via multiple methods (ACH, wire, checks, virtual cards) from a single platform without carrying physical checkbooks or visiting bank branches.
How is this different from consumer digital wallets like Apple Pay?
Consumer digital wallets (Apple Pay, Google Pay) are designed for individuals to make retail purchases. OnlineCheckWriter's digital wallet is built specifically for business-to-business payments, offering vendor management, approval workflows, check printing, ACH transfers, and accounting software integration.
Are digital wallets safe for business use?
Yes, digital wallets are generally safer than traditional payment methods. We use bank-level encryption, tokenization, multi-factor authentication, and fraud monitoring. We maintain SOC 2, PCI DSS, ISO 27001, and HIPAA compliance. Your funds are FDIC insured through our partner banks.
Can I use multiple payment methods from one wallet?
Yes! That's the main advantage. You can send payments via ACH, wire transfer, virtual cards, printed checks, emailed checks, or mailed checks—all from the same wallet balance using the same interface.
How long do payments take to process?
It depends on the payment method: Wire transfers (same day), ACH (1-3 business days), Virtual cards (instant), Email checks (instant delivery), Printed checks (immediate printing), Mailed checks (3-5 days standard, next-day with FedEx).
Is there a free trial?
Yes, 15 days with full access to all features. No credit card required to start the trial. You can test unlimited transactions during the trial period.
Does it integrate with my accounting software?
We integrate with QuickBooks Online, QuickBooks Desktop, Xero, Zoho Books, FreshBooks, Sage, Wave, Bill.com, and 15+ other platforms. Transactions sync automatically for seamless reconciliation.
Are there monthly fees?
No monthly fees on the basic plan. You only pay per transaction. Optional subscription plans ($19.95-$39.95/month) offer reduced transaction fees and additional features for high-volume users.
Take Control of Your Business Payments Today
Join over one million businesses who’ve modernized their accounts payable with our digital wallet.
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