There are many ways by which the payments are made in the business. The most important and vital part of any transaction will be the payment part.
Gives you an edge over send checks
While sending a check, it may take time to reach the hands of the payee. Even when this check reaches the payee, he/she has to approach another financial institution to clear and cash this check, which takes more time. However, the moment you issue the check, the same fund will be taken out from your account by the banks, and the bank will keep this fund until the check gets cleared. It is another advantage taken by the bank which is not possible if you Pay bill by check