Gcb Electronic Payment Paper Form

Instructions and help about Gcb Electronic Payment Paper

[Music] are you primarily accepting and using paper checks for your business findings show that it may be time to make a shift from paper checks to electronic payments for example in 2015 financial professionals processed 1 000 to 19.99 checks per month however today they only process 500 to 999 checks per month professionals are seeing a decrease in the amount of checks that are being processed across the country ing to a survey completed by the association for financial professionals the volume of ach transactions has doubled in the last six years the cost to issue and receive paper checks is approximately two to four dollars while ach transactions are 26 cents to 50 cents with this in mind paper checks are considerably more expensive than electronic payment methods electronic payments are also more streamlined and efficient which is why small businesses should consider transitioning to digital payments although processing paper checks is more expensive this method continues to be po