How do
I accept checks by fax?
Check by fax payments are the safest and easiest to
process, as well as the most accurate. Fax checks are so safe and
easy because you have an actual picture of the check from the fax
you receive. This way, there is no confusion about which series is
the routing number, or which is the account number. Also,
there is always a check number. Just gather all of the necessary
information from the front of the check yourself.
Accuracy aside, when you accept checks by fax, it creates a paper
trail and a default written authorization for the merchant.
Although it is not even required for check drafting software, the
fax is a valuable loss prevention tool, especially in companies that
are in high risk categories, or may have potential for fraud or
misuse.
Once you accept your check
by fax, and enter it into the software, you will create a physical
draft of the check for deposit into any U.S. bank the same day.
Keep the fax on file for your records.
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