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The manual overhead associated with sending out, processing and receiving checks is cumbersome. With just a dollar per transaction or even less with bulk discounts, businesses can finally move away from the process of stuffing, stamping and manually keeping track of checks. Checkbook changes everything! It is a far simpler, easier and more secure payment solution that enables enterprises and individuals to send and receive payments via “Digital Checks.”
With a few clicks, they can initiate sending digital checks in seconds through the checkbook.io interface. Companies need not even have to install a dedicated app or software for sending checks. Checkbook lets businesses move away from paper to deliver Digital Checks directly to a recipients email allowing them to keep all their existing accounts payable and accounts receivable processes at one place. Checkbook also offers REST APIs for easily integrating their services into existing AP solutions— with a single line of code.
Our company, vision, and product can be summarized in one simple line—Getting rid of paper checks forever
Recipients of digital checks receive an email with an image of their check, which they can instantly deposit online or print if they choose to. Companies can send large numbers of checks easily simply by uploading a CSV file. Checkbook.io’s API is scalable enough that they have done more than a million Checks in a single day. Checkbook is also integrated with Quickbooks where users can add their app at the Intuit Marketplace. “We take care of the rest with instant bank account verification for on-the-spot deposit,” adds Gupta. With Checkbook’s integrated accounting dashboard, enterprises can follow every digital check through every point of the process, from delivery and deposit to posting.
In a nutshell, Checkbook’s Digital Check technology is an end-to-end, simplified payments solution that combines both cost-savings and convenience. For the recipient there is no enrollment, no app to download thus keeping the simplicity and functionality of paper checks with the efficiency of online payments. Interestingly, Checkbook can be leveraged by individuals as well. The company’s unique value proposition has not gone unnoticed in the enterprise sphere. Within a short time since its inception, Checkbooks has already has millions users with thousands of business customers. To further innovate its novel stack, Checkbooks is using blockchain and is expected to make an announcement about it soon. In Q1, 2019 the company plans to announce Instant Payments i.e. cash the Check instantly. The money will be in the recipient’s bank account within 30 seconds on average.