e.Checks
e.Checks offer another
convenient method for your customers to pay for their renewals.
What is it?
e.Check (also known as electronic check) is a new payment type that
can be enabled in e.Venue for season renewals.
How does it work?
- The Internet patron enters required information into a check form such as the bank routing number, the account number, and signature name.
- e.Venue captures this information and saves it with the rest of the transaction data.
- The ticket manager exports the transactions from TK or t.Res and uploads a file to the online check service provider through their custom portal.
- The money is deposited in your account 4 business days after the transaction is sent to the processor.
- The ticket manager reconciles the transactions using nice browser-based reports.
What are the benefits?
- Significantly lower per transaction fees compared to credit cards ($4 vs. 2% of the order amount – for example, 2% of 1,000 is $20)
- Reduced processing time (4 business day turnaround)
- Money deposited on cleared txn’s one business day after the effective date
- Problem checks identified in 2 - 4 business days versus 2-8 weeks for paper checks
- Significantly improved cash flow – money in hand 7 - 10 days earlier than paper checks
- Fewer renewal application errors for subscribers renewing online for the first time
- Reallocate time and resources previously dedicated to processing paper applications enabling you to focus on:
- strategies that pack the house
- analyzing current or previous season results
How do I get started?
Contact your Client Partner
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- e.Checks offer significant savings over credit card fees ($4 vs. $20)
- Get money in hand 7-10 days earlier with e.Checks
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