OnlineCheckWriter has saved many customers from bad debt by improving its recovery ratio through our innovative debt collection software.
How does debt collection software work?
The functioning of debt collection software is carried out by accepting the checks by phone. To make this possible, only the merchant account is needed. It is really useful for easy transactions. The customer whose payment is delayed is contacted over the phone, and all the required banking information is collected along with other details. The details should include the customer’s name and all the bank related details. Bank related accounts include the bank account number and bank routing number.
Before this, the customer should take authorization to create a check and check draft from his account using debt collection software. After contacting the customer over the phone, the entire details mentioned above are collected, and all this information is entered onto the OnlineCheckWriter debt collection software pages. As the next step in processing, the created checks are taken printouts by using an ordinary printer. Even though the customer’s signature part will be missing, as the checks are created on our debt collection software, you can write “no signature required” on the check. As an enhancement to future accounting, the purpose for which the debt is collected from the customer is also mentioned. The check, thus created, is used to collect the cash from the customer’s account. One major factor that has to be noticed is that all the functioning of the debt collection software from OnlineCheckWriter will work only by getting the customer’s approval and authorization.