It was a tough decision switching to checks. Starting in October, we mailed checks out to shoppers for September shops and then again this month for October shops. We didn't want to make the official announcement right away because we wanted to see how it worked.
I am quite pleased with the United States Postal Service! Out of almost 2,000 checks, we only received about SIX back that were not deliverable. We simply contacted the shoppers and sent a new ones out as soon as they provided us with their new address.
When we used PayPal (for a brief time in 2003, I think), PayQuicker and Dwolla, each month we would get hundreds of payments kicked back to us after the shoppers didn't claim their money - mainly because they didn't know how. When we used Direct Deposit, we had many errors (shoppers gave us wrong routing and account numbers). Each error that we got, we had to track down the correct account information, in addition to a $10.00 fee our bank charged us for attempting to make a deposit into the wrong account. It was an accounting nightmare trying to keep the books straight with the method used by our previous accounting staff. There are still a few messes we are trying to clean up. The way we see it, everyone knows how to sign the back of a check and deposit/cash it. There is no learning curve and we don't have the responsibility of teaching people how to get paid.
Before I acquired the other half of the company, our accounting department received numerous emails every day from shoppers asking where their payment was. Since we switched to checks, I can't even remember when the last email I got from a shopper asking about payment. It feels really good. Checks give us something tangible to hold when a check didn't make it to a shopper. While it may seem "old school" checks integrate nicely with our accounting software and make our company more efficient and streamlined.
Thanks!
Julie Simbro
ACE Mystery Shopping
866.240.7324
Edited 1 time(s). Last edit at 11/18/2015 04:55PM by JulieACE.