In this blog, we will discuss the electronic check feature offered by OnlineCheckWriter.com – Powered by Zil Money.
Gift shops are not just businesses; they are storytellers. Each product represents the passion of an artisan, the care of a shop owner, and the joy of the person who receives it. From birthdays to “just because” moments, these shops are where cherished memories begin. It is this charm of the gift shops that drive their growth day by day. The total value of gift-wrapping products was $15.11 billion in 2018, and the value is projected to reach $24.9 billion by 2025.
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However, while gift shops give magic to customers, running one comes with its own challenges, especially when managing the nuts and bolts of daily operations. Some of the challenges related to payments are listed below.
- As per a study conducted by Intuit QuickBooks, around 73% of SMBs are negatively impacted by late payments. Gift shops are no exception. They may have to deal with a large number of transactions, especially during the holiday season. In a period like this, when the business is high and the time is very limited, relying on traditional methods like ordering checks and then processing the payment is both time-consuming and expensive.
- As far as a gift shop is concerned, payment has to be made to multiple suppliers, from artisans and craft suppliers to gift wrapping and packaging suppliers. Using manual methods to pay all these suppliers is not practical as they may take a lot of time to get settled. This delay can negatively affect the supply chain and, ultimately, the business.
- Traditional methods like cash or money orders should be processed in person. While making payments by cash, the shop owner may have to go to the bank, withdraw the money, and then personally go to the payee to complete the payment. Similarly, if you are making payments via money orders, you may have to find the time to visit the post office or retailer to mail it to the recipient.
- With most traditional methods, the payers may not have an exact idea of when their payment will reach their payee. For a gift shop, this lack of predictability can lead to delays in inventory restocking, especially during peak seasons when timely payments are crucial to maintaining a steady supply of popular products.
Can gift shop owners do their business without these challenges?
You will get an answer to this question on your own after reading this blog.
Send Payments Instantly
OnlineCheckWriter.com – Powered by Zil Money, offers you the eCheck feature, which is the digital form of traditional checks. The advantage of using this method is that it combines the essence of tradition with the convenience of digital payments. With the platform, you can easily create an eCheck without even having to manually enter details. The platform makes this possible by letting you integrate it with your accounting software. This way, the platform allows you to import data from your accounting software and proceed with your payment.
You can also customize your checks with the cloud-based platform. Unlike other traditional methods, here you don’t have to pay extra for this capability. Everything comes under a single subscription. You can add your business logo and other elements that you think will give your check a professional look. After customizing, you can send your checks via email or SMS as one-time printable PDFs. The person receiving eCheck can print it and use it as a regular check.
How To Make eCheck Payments?
Making eCheck payment is simple and straightforward using OnlineCheckWriter.com – Powered by Zil Money. You just have to follow the steps below.
- Log in to your OnlineCheckWriter.com – Powered by Zil Money account and then click on payments from the side panel.
- Select the check you would like to email and click on send. Choose email from the dropdown; then a dialog box will pop up.
- There, you have the option to send an SMS to your payee informing them that you are sending a check to them.
- You also have the option to add attachments and a message to your payee along with your check.
- Now, you can send your checks. After confirming the payment, you can view the transaction in the payment records with the status emailed.
Make Check Payments Securely
OnlineCheckWriter.com – Powered by Zil Money offers you other payment options in addition to eChecks. Some of them are printable checks, checks by mail, ACH, wire, etc. You may print checks on blank stock papers using the cloud-based platform. Printing checks on blank stock papers will help you save 80% of your check printing costs compared to ordering pre-printed checks. The check-by-mail feature offered by the platform allows you to send physical checks to your payee via USPS/FedEx. You can send them without the inconvenience of printing, labeling, enveloping, and sending your checks on your own.
The Conclusion
With the right tools, a gift shop can simplify their payment operations. The electronic check feature offered by OnlineCheckWriter.com – Powered by Zil Money, allows users to make payments instantly. The other payment options offered by the platform are also equally beneficial. With the platform, the ability to manage payments seamlessly is no longer just a dream; it’s within reach.
