You enter check data into our secure gateway. We create check images for you, then process them through a special machine.
Your full deposit is processed
directly into your bank
account Same Day.
What is Remote Deposit?
Your merchants use our secure gateway to enter their customer’s check data. We verify the information is accurate and create a check image. Those check images are transmitted via special bank equipment directly into their account for Same Day deposit.
SAME DAY DEPOSIT
How is this Different from ACH?
ACH processing is 4-5 day funding.
That means your meerchants run checks on Monday and get paid on Friday or the following Monday.
With RDC they get it SAME DAY!
With ACH they have limits and a reserve. Those limits keep them from growing unless they are "approved" to process more. Those Reserves hold up their cash flow for 90-180 days, usually at 5-10% of their revenue. That adds up quick. If they process $50k a month the ACH Reserve could be anywhere from $7,500 to $15,000.
With RDC there is no limit and there is only a $150 Refundable Deposit to them started.
Last, ACH is a pain to get approved. It takes 1-2 weeks minimum, and includes TAX Documents, personal and business history, checks their credit, and more.
RDC takes minutes to setup!