The New Online Economy - Allows you to get paid today and have the funds in your bank account in less time that it will take for you to get payment in the mail. Less Cost and Less Time!
No one can dispute the fact that the Internet is changing the way Americans do business. The Internet's growth over the last few years has been staggering. There are an estimated 125 million adults online in the United States. More people are buying, too. In the last nine months of 1999, Internet sales increased a robust 40%. Consider these other incredible statistics:
During the holiday season last year (November to December 2001), more merchandise was sold over the Internet than during the entire year
There are an estimated 375 million websites currently online worldwide
Over 3,500 new websites appear on the Internet weekly
ANY statistics we can use today are already outdated...
Checks Can Now Be Accepted Online
As online retailing continues its meteoric rise, merchants are searching for more and better ways to handle their customers' online transactions.
Many online businesses already offer credit card payment options, but are finding that their inability to accept cash or checks prevents them from maximizing sales. The Impact Online Electronic Check allows online merchants to easily accept and process electronic check payments directly from their website.
Benefits of Online Electronic Checks
The benefits that Impact's Online Electronic Checks bring to online merchants are numerous. A large number of Americans do not have a major credit card, and many who do have reached their credit limits. Obviously, the merchant will make many sales that would otherwise be lost. Additionally, without this service, if an online merchant wanted to accept a check from a customer, the merchant would have to wait for the customer to mail the check. This could take from 3 to 14 days. Many merchants have found that, even though inventory had to be pulled aside to fill that order, as many as 55% of the expected checks are never actually received. This leads to inefficiencies in the entire inventory and billing process.
