The company said that the payment platform only charges 50 cents per transaction, and is a viable option for large or small business, public sector entity, among others for fast and secure way to accept payments.
VerifyValid president and co-founder Paul Doyle said, "CheckItOut guarantees the majority of a payment, regardless of the size of that payment, go to the organization, and not to confiscatory fees."
A VerifyValid customer can launch an instant web-based payment interface enabling them to pay without the cost and complexity of merchant accounts or credit card interchange fees.
Reorganizing the accounts receivable process, CheckItOut saves both time and money of organizations as well as improves their overall payment acceptance and deposit process.
Using the new technology, instutions can digitally deposit cheques directly into their bank accounts, or can download and print checks from a printer.
