Overview:
The e-ValuCheck "Pay by Check for Online Immediate Donations" solution offers a convenient, private and secure way for fundraising organizations to accept donation payments online via the most accepted method of payment, the paper check. Many organizations have begun offering an online payment option to their donors as a time and cost savings for their operations. Most online payment solutions are based on credit card or ACH payment mechanisms, which introduce significant additional processing and labor costs to administer.
e-ValuCheck Opportunities for Fundraising Organizations: Add additional market potential and increase adoption rate for online donors Reduce cost significantly versus credit card costs Open online donation market to a broader market group Allow donors to chose the preferred method of donation, the paper check Provide an electronic lockbox service by the bank so your organization will never see, touch or process a paper check, while receiving automatic A/R updates and deposits Eliminate charge-back issues and administrative returns from credit cards and ACH Eliminate security concerns associated with storage of consumer financial data Allow every donor to receive a cancelled check in their monthly bank statement as further proof of payment for record keeping and tax deduction verification
e-ValuCheck Advantages for Online Donors: e-ValuCheck is a patent pending paper check payment option for donors to use when making online donations or payments e-ValuCheck allows the online donors to make donations by check The average American consumer writes checks daily for the majority of their purchases and donations, however there are few fund raising organizations that can accept a paper check online e-ValuCheck is not an ACH-based transaction as are most online check payment systems Consumers don't understand, like or use ACH transactions, but prefer paper checks for their purchases and donations For donations, consumers want the cancelled check as further proof of their donation for record keeping and IRS receipt