If you accept electronic cheques, you’re giving your clients an alternative payment method. If you use online invoicing, electronic cheques can be a great option for clients who don’t want to use credit cards. When they receive the invoice, they can simply enter their cheque transit number and account number to pay. Additionally, some point-of-sale software can turn paper cheques into electronic cheques.
When you shift to electronic cheques, you no longer have to worry about losing paper cheques, and you don’t have to drive to the bank or stand in line to speak to a teller. In some cases, banks may even credit funds from electronic cheques faster than paper cheques.