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Wholesale Lockbox Processing |
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If you want to outsource your wholesale lockbox processing, we can deliver.
What is Wholesale Lockbox?
Examples of wholesale lockbox payments differ from business to business. However, they generally include an 8½" x 11" document or other non-transportable document as the remittance advice. The payments may also be categorized as high dollar, low volume transactions. In many cases, there is a need for data entry (keying invoice numbers, check number, payee, etc.) and other special instructions.
With our image-based remittance system, we can scan your wholesale lockbox payments, process them according to your requirements and prepare the deposit quickly. We can also send a copy of the checks back to you for verification. Our ability to process ACH/ARC payments also applies to wholesale lockbox processing.
What is Wholetail Lockbox?
A variation of wholesale lockbox processing is called 'Wholetail Lockbox'. We can handle this type of remittance processing, as well. Wholetail lockbox accounts may include both coupons and 8½ " x 11" documents with data entry requirements.
If you have unique payment types, sizes and special instructions, please contact us directly. We can review what procedures you have in place and set up a parallel system for outsourcing purposes.
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