Writing checks may seem outdated but plenty of people still use them regularly to pay for home service repairs. A Federal Reserve Study reported that check payments in 2018 were 14.5 billion with a value of $25.80 trillion.
If you have more than two techs in the field, then you know how painful paper check depositing can be. What does this mean to appliance repair companies, how about no more trips to the bank. Better yet, how about no more lost, stolen checks or bad checks from customers.
Using a mobile check app to upload once a job is completed is the simplest way for techs to deposit checks without leaving the field. It also saves on credit card processing fees which means more money in your account and faster cash flow.
Appliance companies across the US are switching to mobile check uploads apps like iWallet Business to save time and money. Companies with multiple techs no longer make trips to the bank after a busy day.
If you want peace of mind during and after a mobile check deposit is complete, make sure you select an app with built in fraud protection and bank level security. iWallet comes with built-in fraud detection, and will notified techs immediately if there are insufficient funds or if the checking account is high-risk, before the transaction is completed.
“Home service companies like mobile deposits because it allows them to streamline their finances, eliminate processing fees and improve cash flow,” States Jim Kolchin, Founder and CEO of iWallet.
