How Much Does Check Processing Cost?

A check is one of the several modes of payment that can be accepted when we pay for merchandise or services.  While cash used to be the most popular form of payment, cradit cards are quickly replacing cash and checks as the preferred payment method.  In the past, check payments were not as popular since they would have to physically bring the check to a bank.  Checks now can be processed electronically which makes the transaction faster; whenever the checks are processed electronically, the check is converted into an electronic funds transfer.

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