CMUThought Community Thought

Most people who make purchases online will usually by credit card or through some online payment system. There are still quite a few consumers who are reluctant to give their credit card online so merchants have turned to offering a phone check system that allows the customer to make their purchase and the safeguard for the merchant is that the check can be cashed that same day. With checks in a normal retail world merchants would have to go through a check clearing process which could take a day or two and then the check could end up bouncing. By using an online system you can verify the amount and validity in faster time frame. This will give you another option to attract new customers to your site.