Remotely created checks by the merchant; this type of payment instrument used by credit card companies, utility companies, insurance companies, landlords and apartment complexes or telemarketers. Some government entities also use to collect property taxes. This method gives a quicker and remote payment with no cost to both parties.
Many Industries still don’t know about the remotely created checks and get paid the full face value of the checks without having to pay any transaction fees or gateway fees like credit cards or ACH. Check draft is for a one-time payment, open or recurring. Check draft is an excellent way to get paid for anyone like attorneys, accountants, association, service providers, and even 501c charitable companies.