We can all agree that manually accepting, processing, and depositing checks is a tedious and time-consuming task. And despite the world moving toward cash-less payments, many people and businesses are hesitant when it comes to changing their ways.
So it’s very likely that your business accepts checks as a standard payment method; this means it stands to greatly benefit from a check scanner. Whether you need to process a huge amount of checks every day or just need to buy a single-feed reader for a small business, there’s something in the market for you.
Check readers are reliable, convenient, and secure devices that allow companies to quickly process and deposit checks at any time of the day. The following are some of the benefits of investing in a check reader:
Being responsible for processing checks, filing paperwork, photocopying them, and depositing money is daunting. Imagine doing all of this every single day.
A check reader expedites and simplifies the process. In fact, you can be done within a matter of seconds—something that would otherwise require labor for days.
High-volume check readers can scan 100 or more checks per minute. This will serve your clients well and will also increase productivity.
Depositing Checks Remotely
The biggest advantage, by far, of check readers is their remote deposit feature. After an initial set-up, users can safely and conveniently deposit checks in a few clicks. The check is converted into a digital copy which can be sent to the bank through a secure network.
Moreover, digital checks don’t have to be transported and physically taken to the bank for verification. Hence, companies can get their funds sooner.
Digital copies of checks do not require a physical storage space; neither do they require a filing cabinet. Just imagine the number of times you’ve had to sift through piles of documents to find a check you filed six months ago—that’s no longer an issue.
With the help of a check reader, you can save an electronic copy of all the checks that were deposited in your bank or in an employee’s account. This not only gives you easy access to the data when the need arises, but also saves you a lot of hassle and storage space.
Here at UIC, we make sure that all your transactions are processed in a safe and secure environment. Get in touch with us to know more about our countertop, contactless and unattended payment systems. Buy a check reader for your business today!