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Welcome To American Payment Services
We offer services to your business that allows you to get your money from your customers faster, easier, and with less transaction costs than you can presently. E-commerce can be intimidating, but in reality, our automated electronic payments are actually rather simple. We use the technology available today to speed up the way money is transferred to a business from its customers.
All our services are designed to help businesses build and maintain a steady cash flow. For example, one of our services decreases the time between when a check is written and when the funds are settled from an average of 3 to 7 days down to 24 to 48 hours.
Our Merchants Benefit From Our Services In The Following Ways:
- Less time for deposit preparation
- Less time for cash drawer settlement
- Less time for daily reconciliation via cash office
- Eliminates lost checks
- Checks are electronically deposited into merchant’s
account within two banking days
- Limited fraud exposure
- Save check-clearing fees at your bank
- NSF items are recovered automatically
- No compensating balances need to be kept
- Eliminates NSF fees paid to merchant’s bank
- Authorized receipt as an immediate record of
transactions
- Greater accuracy since less human handling required
- Safety: employees make fewer trips to the bank
The benefits that our payment solutions bring to 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 merchants will make many sales that would otherwise be lost. Additionally, without these services, 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 up to 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 processes.
We offer business solutions to cash flow and the high cost of transactions, utilizing processes on the leading edge of technology. We charge the business a small transaction fee to use our services. This fee is far lower than traditional costs of doing business.
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