Top 5 Reasons to Stop Using Checks for Customer Refunds
When businesses make disbursements such as consumer refunds, incentives, contractor payments, and more, they often rely on paper checks. But did you know that switching from checks can save your business time and money? This fact sheet covers the top 5 reasons why you should consider replacing checks with popular digital payment options.
Here’s why you should modernize your payout processes
When businesses make disbursements such as consumer refunds, incentives, contractor payments, and more, as many as 86%* rely on paper checks. But did you know that switching from checks can save your business time and money? Learn how a modern payment solution could help you avoid:
- The burden of escheatment
- Fraud risk
- High costs
- And more
This fact sheet covers the top five reasons why you should consider replacing checks with popular digital payment options. Get ready to think outside the (check) box!
*Association for Financial Professionals (AFP)