Paper check definition

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Paper check definition

Online commerce can be a lucrative way to boost overall sales. When making the sale, it helps to provide customers with a variety of options for making payments. Knowing the differences between eChecks and paper checks can help you make an informed decision about which payment forms to accept.

Paper Check Definition A paper check is a form of payment that draws money directly from a checking account. A Paper check definition is safer than paying cash because the canceled check becomes a permanent record of the payment.

ECheck Definition An electronic check -- eCheck -- is an electronic form of a paper check. Just like a paper check, an electronic check draws money directly from a checking account. EChecks usually have tracking numbers that are similar to the tracking numbers on paper checks.

Customers can record eChecks in checkbook registers in the same way that they record paper checks. Benefits of EChecks Accepting eChecks provides customers with a way to make electronic payments without incurring debt.

Paper check definition

The same payment gateways for commerce that accept credit and debit card information should also take eChecks. The clearance time for eChecks is may be faster than for paper checks for payments by mail, although it is slower than credit and debit cards -- clearance time varies with the merchant or payment gateway.

EChecks generally clear within four business days verses the seven to 10 days that it might take paper checks to clear for payments by mail.

Accepting eChecks instead of paper checks enables the business owner to know that the funds verification process begins immediately with the submittal of the eCheck. Some companies that provide payment gateways levy additional charges for accepting eChecks, although other companies do not add extra charges.

Business owners accepting eChecks over the Internet must use a payment gateway with a secure socket layer encryption and owners must maintain a valid security certificate.

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Using EChecks in Person Small business owners can also accept eChecks from customers shopping at a brick-and-mortar store.

With electronic check conversion equipment, a customer writes out a paper check and hands it to the cashier. The cashier inserts the paper check into the equipment to record the amount of the check and the banking information.

The cashier returns the paper check to the customer and the eCheck remains in the system as payment for the transaction. The customer signs a receipt, gets a copy of the eCheck and voids the paper check.Definition of check in the Legal Dictionary - by Free online English dictionary and encyclopedia.

What is check? Meaning of check as a legal term. What does check mean in law? Check for wear streaks (machine side and paper side). Make the most of shutdowns with machine clothing checks: scheduled paper machine shutdowns offer an excellent. (a) Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it.

Paper Check Definition A paper check is a form of payment that draws money directly from a checking account. The “payer” -- the writer of the check -- writes the name of the “payee” on the “pay to the order of” line and signs the check on the signature line.

Definition of check written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. English Language Learners Definition of check: to look at (something) carefully to find mistakes, problems, etc., or to make sure there is nothing wrong with it: to get information by looking at something, asking about something, etc.

a slip of paper showing the amount due. 7. 9 [ Middle English chek, short for cheker checker ]. a: a pattern in squares that resembles a checkerboard bordered her plain shower curtain with a check in coordinating bathroom colors.

b: a fabric woven or printed with such a design Fashionable checks come in all .

Cheque - Wikipedia