Sending out mass payments can be a painful process for any business. Traditional options include remitting ACH payments, which involves gathering and storing confidential account information from recipients; sending out paper checks, which is an expensive and operationally intensive process with a high fraud rate; or using a closed-loop payments system, for which recipients need to create an account to get paid.
Unlike traditional methods of sending out mass payments, Checkbook allows businesses to pay whoever they need with only three pieces of information: the business or individual’s name, the amount, and a phone number or email address. Paying recipients for vendors, suppliers, 1099 work, vendor services, and several other use cases are all seamless with Checkbook’s platform.
You can use the dashboard, upload a file, or easily connect to Checkbook’s API to securely send all their payments with one click. Recipients are not required to enroll or create an account to access a variety of payment options: ACH, real-time payments, push-to-card, virtual credit cards, paper and digital checks.
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