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Printing/cashing checks for clients

by abbot Banned
12 replies
I can't find the thread. But iamnameless and some other guys were talking about it.

Anyone Print checks and cash them for clients?

What's the software you use?
#checks #clients #printing or cashing
  • Profile picture of the author abbot
    Banned
    Cmon where's all the PayPal haters...

    No one prints their own checks?
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    • Profile picture of the author ronr
      Do you mean, accept payment by check draft?

      Yes, you create a draft, deposit it at your bank just like the client wrote it. Works well and never had a problem doing it.

      Haven't done it in a while though. Will need to search a little for the software I used.

      Ron
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      • Profile picture of the author abbot
        Banned
        Originally Posted by ronr View Post

        Do you mean, accept payment by check draft?

        Yes, you create a draft, deposit it at your bank just like the client wrote it. Works well and never had a problem doing it.

        Haven't done it in a while though. Will need to search a little for the software I used.

        Ron
        Yes that's what I mean. if you find what you used post back and let me know please
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        • Profile picture of the author mak25
          Maybe this is the thread you're looking for:

          http://www.warriorforum.com/offline-...ver-phone.html

          iamnameless's post is here:
          http://www.warriorforum.com/offline-...ml#post6523012

          Cheers
          Mike
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          • Profile picture of the author midasman09
            Banned
            Go to a Staples store and buy a program called "CheckSoft" ($49)

            With the first check you receive, enter the info from your clients/customers check (I have my clients/customers FAX me the first check of a Monthly Program)

            I enter the info into the CheckSoft program and....print out a check on my home printer.

            I then stamp the back with "For Deposit Only" and deposit in my bank just as if I was handed the check.

            No Waiting for funds to clear or waiting 3 days for PayPal to send to you. PLUS, you do NOT have to be concerned about a 3rd Party, possibly tying up YOUR money or....a client/customer asking for a refund.

            I've been operating with "Checks By Fax or Checks By Phone" type of programs since 1992 when the banks first allowed this.

            On the "Signature" line is a statement that says; "Signature On File".

            There are 4 banks in my town. When this was 1st allowed by the Banking Industry....I went to all 4 banks to see if I could deposit one of my "Checks By Fax" checks.

            3 said, "No!" One said, "You Bet, perfectly legal"!

            So...that's the bank I dealt with from then on.

            Don Alm
            Also....sure is great NOT having to send invoices and....W A I T I N G....for your clients/customers to send their checks. On the 1st of every month, I just print out checks on my InkJet and deposit.
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            • Profile picture of the author iAmNameLess
              Originally Posted by midasman09 View Post

              I just print out checks on my InkJet and deposit.
              If you're going to print your own checks you will likely need a laser printer, not an inkjet.

              Some banks, especially in rural areas are still using the MICR readers so you may need MICR ink for your printer. However, they are getting phased out, and if you use any semi-large bank, they won't have a problem with regular laser printed checks. Inkjet could cause some problems that could easily be avoided.

              Software I use is EZcheckprinting. Signature line should say:

              "This check is authorized by your depositor
              No Signature Required"

              You don't need to stamp for deposit only, all check drafts are for deposit only, if you do that you'll come across as an amateur and won't be able to impress the hot tellers at your bank with how sophisticated you are. lol.

              You shouldn't have a problem at any bank you go to. It is technically illegal for them to not accept a check draft. If you have someone say they can't accept it, then ask for a banker instead of a teller, and they'd take care of it for you.
              Signature
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              • Profile picture of the author ronr
                ezCheckprinting is the one I use also.

                It's kinds of fun to walk into a bank with 3-4 check drafts that all look the same except for the business name for thousands of dollars. The teller make look at you a little funny but they took them every time.

                Forgot to mention I purchased the blanks from the same company.

                Ron
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                • Profile picture of the author abbot
                  Banned
                  Perfect. Looks like I'll be getting setup soon!

                  Thank you guys for your input.
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                • Profile picture of the author SirThomas
                  Originally Posted by ronr View Post

                  ezCheckprinting is the one I use also.
                  Same here.
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                  • Profile picture of the author ronr
                    It's not worth doing this for small amounts. I used it when with recurring clients that paid $1000 or more one time or recurring. Even though I also use merchant accounts and paypal those 2-3% charges really add up. I used to ignore those charges until month I had a couple of clients who started paying a decent amount were going to be over $200 if I used my merchant account or Paypal so I started doing the check drafts for higher paying clients. No worry about chargebacks either :-)
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  • Profile picture of the author larkin330
    I wonder how many people are using this vs. merchant accounts vs. traditional mailed in checks?
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    • Profile picture of the author abbot
      Banned
      Originally Posted by larkin330 View Post

      I wonder how many people are using this vs. merchant accounts vs. traditional mailed in checks?
      I'm not sure. I can say I have done both mailed invoices/checks and currently have a merchant account. Both have significant downfalls...

      Old school billing- It sounds like a good idea at first but it's a royal pain in the ass. You bill clients and they ALWAYS pay late. I have billed clients 3 months in a row when I first started before I got a check. Once I got smart/fed up I started hiring collections agency's. That's a whole different story. It's just a pain in the ass. Period.

      Merchant accounts - while they work slick, and are automatic and easy to capture, you pay the high price for it. In 2013 I paid over 10K in merchant fees...They like pick through your money...

      That's why I'm beta testing this method on the few clients that still use manual billing.
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