F.A.Q'S

1- What are Phone Checks?

Phone Checks allow you to accept a check over the phone/fax/internet from your customers and print it within minutes so you can receive prompt payment for your services.

2- What is the Process?

The process is similar to what you are probably already doing for credit card customers. You must obtain your customer’s check information over the phone, email or fax information to our company.  

3- How does this benefit me?

Not everybody has a credit card over 60 million Americans have checking accounts. Offer customer a new method of payment, increase and accelerate cash flow, eliminate COD delays, attract customers with no credit cards, eliminate the over-used delay device of ”the check is in the mail”.


4- What is the difference between receiving a check from you or from my customer?

Think about it? Out of ten customers that say they will send you a check over the mail how many checks do you actually receive? Customers always have double thoughts of buying a product after hanging up the phone. With Phone checks you can close the sale right over the phone without having your customer go through the hassle of getting a stamp, envelope, writing a check… 


5- Are these checks legal?

Yes telephone checks (pre-authorized drafts) are completely legal. These drafts are created with the verbal consent of the account holder. Paper drafts are an established legal method of payment as provided in the Uniform Commercial Code, Title 1, Section 1-201 (39) and T 104, 3-403; Code of Federal Regulation, Title 12, Chapter II, Part 210; and Regulation J, Federal Reserve Bank, part 2, Sections 4A-210 to 4A-212.


6- What is the Cost ?

The cost you will incur is a processing fee for each transaction. With no other hidden costs.


7- How can I get started?

Just click on our sign up button and you will be prompted to fill out a couple of questions on your company and submit this form. Southwest Bank Drafting will receive this form and contact you within 24 hrs to complete the process.
 

10- Do you make direct deposits into Banks?

Yes, we make daily deposits into certain  Banks which are: Bank of America, Wells Fargo, Union Bank, Washington Mutual, Citibank and other nationwide banks.

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