Business to business payments are traditionally collected via check. First, you must send out an invoice, wait for that to come back with a check, and when you have enough checks, or whenever you make a regular check run, you have to make a trip to the bank to deposit the payments. In between these steps you probably generate enough paperwork to bury your secretary. The problem with traditional payment collections is that they take too much time, and if a check bounces then it can further cost you in time and funds. The future of payment processing truly lies…
