Are you frustrated by the amount of money you spend buying businesses checks? Have you been looking for ways to save on these expenses? Then I am glad you’re reading this post.
With the ever-rising cost of doing business, you’d want to ensure that every penny counts. One way of doing that is making sure that you spend the least amount on checks.
The ever-tightening budgets leave no room for unnecessary expenses and motivate businesses to find favorable deals. This includes reconsidering your way of ordering checks.
Here you’ll find our tips to help you save money when buying checks. Read on and learn more.
Avoid Buying Checks from Banks
While banks offer an easy and convenient way to get more checks, it is probably the last place you should go. As with many things today, you’re likely to pay extra dollars for the convenience when you order checks from a bank. Thus the need to explore other options.
Though paper checks are losing in popularity, some people still use them for paying rent as well as other payments. Not all merchants accept credit cards or electronic payments.
As of 2012, 18 billion checks were written in the US alone. This is according to Federal Reserve.
Banks will charge $20 or even more for a box of checks. You can save up to 50 percent when you buy checks from online printers.
Don’t know how? I’ll explain it.
It is important to understand that banks do not print checks themselves. Banks are in the business of savings and checking accounts, credit cards, loans and digital banking.
Banks hire large scale printers to print your checks. Remember the printing companies are in the business of making a profit out of your order, banks feel they need to make money for the time they spent acting as middlemen between their customers and the printer.
Therefore, when you order your checks from a bank, they will be marked twice before reaching you.
Besides, due to the high costs of processing checks, banks do not want their customers to write checks. Banks would rather see their customers use other methods of payments such as electronic payments.
The high prices of checks from banks are meant to push consumers to depend more on online payments over written checks.
Order Your Checks Online
Ordering checks online is a great way to save money when buying checks. But don’t worry. Checks from online printers are just as good as those offered by banks.
According to Check Payment Systems Associations, all reputable companies produce checks that met the industry standards so that banks and other merchants can accept them.
With online printers, you are assured of fast business checks delivery in a secure and easy process.
Security is Key
If you are going to spend more on a check, it should be because it comes with more security features. Check payment is a method prone to a lot of fraud.
The main reason that makes some businesses shy away from buying business checks online is security concerns. Most of them consider ordering checks from banks safe while ordering online risky. But this is not always the case.
This can only be true if you’re ordering your checks from non-reputable websites. Reputable check websites are just as secure and safe as banks.
In fact, most online check websites use the same printers like the one used by the banks, only that they eliminate the middleman to make it less costly for you.
Therefore, conduct due diligence before deciding to buy your checks from a particular website.
You can do this by looking at the padlock icon available at the right-hand side of your check, just below the “amount’’ box.
If the check contains this icon, it is an indication that it has been approved by the Check Payments Systems Association, an association left with the responsibility of ensuring the security of checks.
CPSA will not give this symbol to check printers that haven’t included a minimum number of security features to protect consumers from altered or duplicate checks.
Checks bought online can even be more secure than those obtained from banks. Some check printers give consumers the opportunity of buying checks with extra security features, such as micro printing, thermocon imaging and chemically reactive paper.
While you might be charged an extra fee for these features, but considering the level of security that comes with, it is worth it.
Before ordering checks online, be sure to understand the process, including the amount of time it will take before you get your check.
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