
It’s no secret that the usage of cheques has been on the decline for several years and the increase of electronic payments options has been steadily on the rise. It is especially apparent when you feel the sting of what it now costs to order cheques when your supplier doesn’t want to accept another form of payment.
But why are some vendors and suppliers adverse to accepting electronic payments when there are so many benefits?
- They are paid more quickly and securely.
- It’s easy. The funds are directly deposited into their accounts. No-muss. No-fuss.
- Electronic payments come with details as to what the payment is for.
- No depositing or misplacing of cheques to be worried about.
- They are FREE.