Paper checks might not be as popular as they once were, but they’re still a common payment method. Despite the prevalence of digital payment options, billions of checks are written and cashed each year. Some consumers simply feel more comfortable using this classic payment method.
But managing and accepting check payments can be time-consuming and costly for small business owners. Paper checks can be lost or damaged, and processing check payments can take days. Bad checks can result in fees, cash flow problems, and wasted time.