QuantiPay

When is plastic the eco-friendly choice? When it is used by your organization in the capacity of taking credit card or electronic payments. When you consider the amount of resources that traditional check-based payment requires, it all adds up.

Paper, the Unsustainable Choice

First, you have the paper medium that the check is written on. While your typical piece of check paper may seem small and insignificant, consider that around 36.6 billion checks were written in 2003

Next you have the shipping and handling required to get the check to the bank. Scanning the check and submitting it electronically is an option, however many small businesses still continue to make regular trips to the bank to deposit their checks. These trips to the bank often are done using a automobile, and therefore consume unrenewable resources and produce greenhouse gases that adversely affect the environment.

If the check clears successfully, then all is well, but in 1999 there were 612 million bounced checks which incur additional shipping and handling requirements. These include having the original check returned to the merchant, and NSF notices sent to the consumer, not to mention follow-up payment which starts the cycle over again.

Plastic, the Eco-Friendly Choice

Taking payment by credit / debit card (”plastic”) or other pure electronic means eliminates the paper, shipping and handling, and follow-up processing that checks require. In addition, settlement times are faster, disputes are more easily resolved, and credit card processing is more readily available to merchants and more cost-effective than check-scanning equipment and service.

QuantiPay + You = Environmentally Conscious

Sign up for a QuantiPay account and start taking credit card payments today. If you don’t have a payment gateway, we can help set you up with one of our supported gateways. As always, feel free to contact us with any questions you may have.