Paystand’s SMART Lockbox can receive, scan, deposit, and reconcile funds captured from scanned paper bank checks sent to a secure lockbox.
$2.49 per check processed through Paystand’s Lockbox.
Paystand’s SMART Lockbox is located in Sacramento, CA.
Checks processed through Paystand’s Lockbox take an average of 3-6 days to clear.
Parent/Child Payments are supported through SMART Lockbox’s Consolidated Invoices feature.
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Checks that, when scanned, provide all necessary information will be reconciled to their corresponding Invoice or Sales Orders. Checks that do not provide all necessary information will be presented to the partner on a dashboard where the partner can review, manage, and assign checks.
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Why use Paystand's SMART Lockbox compared to others?
AUTOMATED, EFFICIENT AR PROCESS
The process is digital-first and automated, giving you a way to completely outsource the time spent collecting and processing paper checks.
FASTER ADOPTION OF 0% PAYMENT RAILS
Paystand offers digital alternatives to help you shift customers to 0% fee options, fund verification, and faster payment settlement times. ***Only company with end-to-end tools that can digitize and centralize the entire AR process under one roof.***
SEAMLESS INTEGRATION AND TRANSPARENCY
Software natively integrates with your accounting software (ERP/SoR) to simplify your payment process and reconciliations, and give you visibility into every transaction.
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Please click here to access the Lockbox Demo Deck and remember to make a copy before editing.