How Much Does It Cost To Pay By Check?
According to the Payments Cost Benchmarking survey by the Association for Finance Professionals, the median cost of a check transaction is $3.00, whereas an ACH (automatic clearing house) can range anywhere from $0.26 to $0.50.
Are there fees for paying with a check?
Paper checks are one of the most costly ways to collect payments. Many businesses think getting paid by check is free, but check use come with labor costs and processing fees.
How much is it costing your business to accept paper checks?
How much does it cost to send a check?
The average cost of printing and issuing checks is about $6, but the total range extends anywhere between $4 and $20 per check.
The Cost of Issuing Checks (A Guide for Businesses) | Smart Payables