Check Conversion by Mail
Payliance solutions help your bottom line and make doing business easier. If you accept checks via mail or lockbox, our Check Conversion by Mail solution enables you to deposit 100 percent of your checks without driving to the bank.
With Check Conversion by Mail, paper checks can be accepted via a variety of mail services — such as USPS, courier service, FedEx, UPS or other delivery services. The paper check is then taken to a central location where it is scanned and converted into an electronic deposit. Check Conversion by Mail is available as a Web-based or desktop application.
How does Check Conversion by Mail work?
- Notification is given to clients that the receipt of a check is an authorization for an electronic debit
- A check is accepted via mail, courier service or lockbox
- Checks are scanned with a PC or image scanner
- The electronic deposit is transmitted
- Funds typically settle in 2-3 business days
- Free recovery is available on all returned items
Benefits of Check Conversion by Mail:
- No deposit batch fees
- Special processing can convert business, 3rd party and government checks as well as personal checks
- Provides accelerated access to funds
- Does not require signed authorization
- Minimal equipment investment
- Reduces bank fees
- Reduces repeat offenders
- Integrated recovery for all returned items
Contact Us To Learn More
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