Let’s say you are a landlord/attorney/insurance agent/Association or nonprofit organization and you are supposed to get paid $1,000. If they are paying you by a credit card, you will end up paying close to 3 percentage for transaction fee and Gateway fee which would be equal to $30. If they’re paying by ACH still, it will end up costing you a flat fee plus a substantial monthly fee or a percentage of .75 like authorize.net, which is $7.50.
Even if they’re sending you a check by physical mail-USPS, you will have to wait for it which is time-consuming, especially if you have several checks you are supposed to receive.
If you request a check by email, it’ll be faster and cost you only the expense of blank check paper which is 3 to 5 cents per leaf or you can even print it on white paper if you’re depositing by online capture or mobile deposits. Moreover, you can enjoy intelligent and straightforward reports.
Let’s say you are sending checks to somebody for any amount. You will have to print, stamp, stuff, seal and mail it by USPS or any other carrier. Mail could get lost and some times be blamed on you that checks never came on time. It could even cost you some sort of penalty in some cases.
The second option you have to look for the payee, wait for him and waste your tremendous amount of time to pay him timely and adequately.
If you email a check to your payee, you don’t have to look for him and you don’t have to do any physical mailing process. Let the payee print the check and deposit it or let them print on white paper and deposit by any mobile device. This is convenient, and moreover, you have all necessary reporting that you paid on time.