Reading newspapers is quite easy, but have you ever thought about the difficulties of running one? Of course, there are challenges like collecting news on time, managing rising production costs, battling deadlines, securing advertising revenue, etc. These are the unavoidable tasks that define the business and determine its profitability. But what about challenges like payment delays, fraud, high paymentcosts, etc? These financial headaches can drain your energy, cut into your revenue, and distract you from what matters most—producing quality journalism and connecting with your community. All these financial challenges will be your companion if you use traditional payment options.
Let’s take a closer look at the drawbacks of traditional payment methods.
- Delays in Payments
As mentioned before, the very first drawback of traditional payment methods is delays. Most traditional methods do not allow you to make payments on time. This is mainly because when making payments via traditional methods, you may have to go through multiple steps, which could take time. For instance, if you are using traditional methods for sending your checks, first, you may have to order checks. After it gets delivered, you may have to envelope it, label it, and finally go to the post office to send it.
- Susceptibility to Fraud
The next common problem of traditional methods, fraud, can significantly impact your business’s finances and reputation. Take the example of checks. When using pre-printed checks, you may have to store them in bulk so that they are available on time. But, storing checks like this is not safe as it contains your sensitive financial information. If they get into the hands of any fraudsters, they will create a fake copy of your checks and present them at your bank for payment.
- High Payment Costs
Traditional payment methods are costly; in other words, they waste your money. Let’s again take the example of checks. Pre-printed checks are costly, on top of that, you may have to order them in bulk. Moreover, since they have to be stored in a secure space, you may have to spend money on that as well. And if any error occurs, the whole bulk becomes useless, and you again have to order them.
For those running a newspaper business, these drawbacks can take a heavy toll. The constant delays can hinder your ability to pay writers, freelancers, and vendors on time, straining your professional relationships. The risk of fraud can create additional stress and financial losses, while high payment costs eat away at your already thin margins.
An Effective Solution for Newspaper Business Owners
Newspaper business owners can use cloud-based platforms like Checks for Less alternative, OnlineCheckWriter.com – Powered by Zil Money, to overcome all these challenges. Let’s discuss how.
- Quickly Make Your Payments
These platforms allow you to print checks on demand. This means that you don’t have to wait for pre-printed checks to get delivered and you can make the payment right away. Moreover, these platforms offer features like online check mailing, which allows you to quickly mail checks to your payees living far away. With this feature, you may automate the entire process of mailing and make payments on time. These platforms also offer other quick payment options like eChecks, ACH, wire, virtual cards, credit cards, and more, which allows you to make payments on time.
- Offer High Security to Your Payments
With platforms like OnlineCheckWriter.com – Powered by Zil Money, you will never have to worry about the security of your checks. These platforms offer efficient features that allow nobody to make a fake copy of your checks, and if at all they do, they can never withdraw money from your bank with that check. Customization and positive pay are features that guarantee this level of security. The customization feature allows you to add elements like watermarks and signatures, which makes it hard for fraudsters to replicate your checks.
Similarly, the Positive Pay feature makes sure that no checks are cashed from your account without your permission. The feature works by allowing you to send a list of approved checks. So each time when a check is presented for payment from your account, the bank will compare it with the list provided by you. If details like check number, account number, payee name, etc, match, then the bank will proceed with the payment, and if it does not match, the check will be sent for further verification.
- Save Your Costs
Platforms like OnlineCheckWriter.com – Powered by Zil Money, allow you to save costs. First of all, it allows you to print checks on blank stock papers using any printer. Using blank stock papers is one effective way to save costs. It will save 80%of your check printing costs compared to ordering pre-printed checks. Moreover, with the on-demand printing facility, you no longer have to order checks in bulk, and if any change occurs in the payment details, instead of reordering the whole set, you can simply edit it and print it.
Conclusion
With platforms like OnlineCheckWriter.com – Powered by Zil Money, newspaper business owners will never have to worry about the common drawbacks of traditional payment methods. The platform will print checks on demand and you can also mail your checks if needed. This modern solution ensures timely payments, enhances security, reduces costs, and allows you to focus on what truly matters—delivering high-quality journalism to your readers.
