Direct deposit, or ACH, is one of the best B2B payment solutions available today. In this blog, let’s see how it helps small business owners.
Tim owns a custom T-shirt printing business specializing in personal apparel for events, teams, and small businesses. It was around the end of the month, and Tim’s accountant, Maria, was on leave. Before leaving, Maria assured Tim that all payments were up-to-date and there were no pending payments for the month. But just to confirm, Tim decided to go through the payment register himself.
While reviewing the register, he noticed that a few invoices from a supplier had been marked as “pending” but were not included in the processed payment batch. Concerned, Tim immediately called the supplier to clarify the situation. Fortunately, the supplier informed him that the payment was not yet overdue, with two days left until the deadline. Although hearing that there was time left was a relief, soon came the tension of how to make the payment this quickly.
Tim was very much under pressure, and that’s when Maria rushed in. “Sir, I forgot to mention about a pending payment!” she admitted, apologizing for the oversight. “Sorry, there are so many invoice payments that were due this month that I must have overlooked a few.”0
“It’s okay. What we now need is a solution. A payment solution that can help us deliver the funds by the next business day. Also, I can’t afford a solution that has a high cost” Tim said.
“Sir, I think it’s high time we start using OnlineCheckWriter.com – Powered by Zil Money. The platform offers multiple features that may help us in critical situations like these.”
OnlineCheckWriter.com – Powered by Zil Money is a solution that over a million people use to simplify their business operations. Let’s see how the platform can help business owners like Tim.
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Make Payments Within the Next Business Day
OnlineCheckWriter.com – Powered by Zil Money, offers features like same-day ACH, which lets you make payments within the next business day. In the above-mentioned situation, Tim can use this feature to pay his supplier on time. The same-day ACH feature allows business owners to make payments even if they remember about the payment only at the last moment.
Unlike traditional payment methods, this feature guarantees that the payment is processed and settled without any delay. This helps business owners maintain trust and strong relationships with their suppliers. Moreover, with this feature, they can make the payment while sitting at home or in the office using their computer or tablet.
Make Payments Cost Effectively
ACH is one of the low-cost B2B payment solutions that you can have. Compared to other payment methods, the cost needed to make an ACH transfer is very low. Businesses can easily make ACH payments with OnlineCheckWriter.com – Powered by Zil Money. The platform is an official member of NACHA, the regulating body that controls and monitors the ACH network via which ACH payments are processed.
With the platform, you can also get an accurate record of each payment. This means that you no longer have to manually record all data and worry about the subsequent errors. Automatically recording all data helps you easily reconcile your bank accounts.
Never Again Miss Regular Payments
OnlineCheckWriter.com – Powered by Zil Money, allows you to set recurring ACH. You can schedule the payment for a date, and the platform will make the payment automatically. This means that you never again miss any regular payment. Normally, when using other traditional payment options, you may have to enter the details of payment each time you have to pay. But with the cloud-based platform, you can completely eliminate this process; you can save the data for future payments.
Other Payment Options Available
The cloud-based platform offers multiple other payment options in addition to ACH payments. The platform allows you to print checks on demand. That is, no more waiting for pre-printed checks. Instead, print checks on your own using a regular printer on blank stock papers. This can help you save 80% of check printing costs compared to ordering pre-printed checks. The platform also allows you to send eChecks as one-time printable PDFs via email. You can notify your payees about the eCheck delivery via SMS, and they can print the check and use it like any other regular check. Credit cards, wire, payment links, and more are other important payment options available on the platform.
Conclusion
Making a direct deposit or ACH payments is easier with OnlineCheckWriter.com – Powered by Zil Money. The platform even offers same-day ACH, which helps you make payments within the next business day. The recurring ACH payment feature offered by the platform allows you to schedule payments so that you never miss any regular payments. Printable checks, eChecks, wire, credit cards, and more are other affordable payment options available.
