OnlineCheckWriter.com, a leading payment platform, launched a new feature allowing businesses to accept credit card payments without a merchant account and at zero transaction fees. The new feature enables small firms to allow their clients to pay via credit card using OnlineCheckWriter.com and then receive the fund as checks, ACH, or wire transfers.
Companies can send personalized payment links to their clients, allowing them to pay via any method they like, including credit card, check, ACH, and wire transfer. Linking a bank account to receive payments is a one-time process, and firms can set up payment links easily after that, either as a one-time or recurring payment.
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Credit card payments earlier were often a sore point in transactions as payees had to bear a transaction charge over and above those already charged to the payer. OnlineCheckWriter.com’s credit card payment facility changes this scenario. Now customers can choose to receive payments as digital checks, wire, or ACH and allow their clients to pay them quickly using a credit card, thus bypassing the transaction charges in the current payment ecosystem.
Businesses typically pay more than 2.85% as charges for using credit card payments. Such costs are often tax deductible and are also compensated through reward points. Also, credit card payments help small businesses to push their cash-flow cycle shorter, allowing them to generate higher sales turnover. Zil Money Corp, the parent company of OnlineCheckWriter.com, enables a leaner and more profitable business operation by allowing firms to receive credit card payments without additional charges.
“The use of Pay by Credit card is a win-win situation for both the payee and payer,” said Sabeer Nelli, CEO of Zil Money Corp. “As a result of this feature, vendors can receive a zero-cost transaction, while payers receive rewards points and will be charged transaction fees as usual.”
Over 20,000 users register with OnlineCheckWriter.com every month, as the company has grown exponentially since its inception. Businesses adopt this payment platform to reduce the complexities of their payments and accounting.