How to receive payments with a cheque processor and sell more?

Diego Katzman

Diego Katzman
Published 21/07/2021 · 3 min read

Give your customers the best payment gateway with cheque processing.

Gone are the days when paper cheque processing was the most common way to receive this payment method. Now in 2021, digital cheque processing technology is spreading across Europe as a convenient and practical payment method for you and your customers and is set to revolutionise the payments technology industry. But which businesses can benefit most from the cheque processing system? What are the main benefits of this system that will allow you to integrate the best payment gateway for your business? In addition, we tell you what other financial technology you can adopt to get the most out of your business; in other words, we explain how to increase the conversion rate (in conventional retail or eCommerce) and how to achieve the best user experience. All through high-performance financial technology tools with guaranteed results. Look to the future and invest in fintech for your business. Do you want to know more? Read on.

What is an electronic cheque processing service?

If you have ever wondered how to receive cheques as a payment method in your business, and at the same time, you want to optimise the payment procedures, this post is of interest to you. Electronic cheque processing is the future of cheques: it is clear to us. Electronic cheque processing uses imaging technology to redeem your customers' payments to replace traditional paper cheques. How does it work? Imaging technology uses a clearing system to electronically print and store your customers' cheques with maximum accuracy and security, allowing you to reduce interruptions to your cash flow. In other words: receive, process, store your customers' cheques as quickly and conveniently as possible for your customers and staff and cash them as quickly and smoothly.

What are the advantages of electronic cheque processing?

The main advantage of electronic cheque processing is the optimisation of payment processing. In other words, forget about time-consuming processes that unnecessarily consume your team’s time and energy. Thanks to electronic cheque processing, our technology takes care of receiving and processing your customers' cheques.

Which businesses benefit most from electronic cheque processing?

Businesses with a medium to high volume of cheque receipts. Entities such as non-profit charities, mail order companies, hospitality businesses such as hotels or restaurants... These are some businesses that can benefit the most from an optimised system for receiving and processing this payment method.

How much will it cost me to implement an electronic cheque processing service in my business?

Our cheque processing model is based on the volume of cheques to be processed. If you would like to get a quote tailored to the specific needs of your business, please visit our website and ask our team of experts for a customised solution.

What other fintech services can I integrate to help me sell more in retail (online and in-store)?

Although today we have brought you electronic cheque processing, there are many other services and tools that you can use to help your business reach more customers in the best way. All (as always) thanks to the best fintech in Spain in 2021: the expert team at PayXpert. Since we started in 2009, we have developed services and tools to offer you a holistic financial optimisation solution. How do we manage to increase our customers’ conversion? By offering them financial technology ranging from multichannel payments to our Business Intelligence Dashboard or state-of-the-art POS. Our goal is to provide you with the best business management control while providing your customers with the best and most versatile payment technology. Here are some of our most popular products:

  • The best payment gateway is multichannel: if you are looking for a good payment gateway for retail (whether physical or eCommerce), you will probably be interested to know that the more payment methods you offer, the more customers you reach. It's as simple as that. But rather than offering many payment channels, you want to interconnect them into a single shopping experience in which the customer can, at any time, choose the payment method that suits them best at any given moment. At PayXpert, we offer a unified commerce experience thanks to our multichannel payments: from digital payments, MOTO (to manage orders via forms or online), PCI IVR (an interactive voice that will act as an agent), and the best PayXpert POS, as well as the SOFT MPOS (which allows you to carry our POS on your smartphone).
  • Business Intelligence Dashboard to manage the financial big data of your business. Start turning your business’ big data into sales. How to use big data management to sell more? Thanks to our powerful data management technology, you will get a graphical analysis of the most relevant KPIs for your business, according to a team of experts always at your disposal. Through our dashboard, you will have your KPIs at your fingertips in real-time, allowing you to improve your strategy at any time according to the state of your business.
  • Alternative payment methods to sell more online. Now that you know multichannel payments, we want you to know about alternative payment methods. In each payment channel, it is about offering different processing methods from different countries to attract international customers of all profiles. This becomes especially useful when it comes to eCommerce. If you are wondering how to sell more online, PayXpert's payment gateway (with over 100 alternative payment methods and compatible with 180 currencies) can give you the boost you have been looking for.

We know first-hand that it is not enough to offer a good product or service to stay relevant in a fast-moving market. You also have to offer that extra added value that makes your customer prefer you over your competition. Our goal is to provide you with that added value so that you can offer it to your customers. Do you want to know more? Contact us and start benefiting from the latest in fintech.

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