Why Checks?
According to a report released in 1999 by the American Bankers Association, "83% of consumers polled report that they would prefer to pay for online purchases through their checking accounts if more Web sites and stores offered such an option." That same year, a report by the Gartner Group states that "3 out of 4 online customers would prefer to use checks versus credit cards for Internet purchases." Paul Green, The Green Sheet, November 2000
Did you know?
81% of all consumer bills are paid by check. 86% of all B2B payments are by check. 88% of the US population has a checking account. Consumers prefer checks 4 to 1 over credit/debit cards. Checks have lower transaction costs than credit cards. Guaranteed checks eliminate all charge back / fraud issues.