Review on FLEX Payment by Bill Forbis

FlexPay provides a simple, secure and reliable solution to collect payments, either in advance or in arrears. The best way to understand its strength is to look at the competition. Traditional methods of collecting money include the use of cheques, bank drafts, cash collections, EFT (Electronic Funds Transfer) transfers and wire transfers. Each method has its own benefits and disadvantages. Cheques are safe, easy to handle and inexpensive. However, they take a long time to deposit, can be lost and are subject to the problems associated with checks clearing. Bank drafts are convenient and efficient, however, banks can charge substantial fees for payment collection. EFTs require the customer to obtain a direct debit account and must be paid in full before any funds can be released. This means that funds are tied up until the bill is cleared. Wire transfers are typically expensive and usually only available for larger transactions. However, they can be arranged instantly and are safe and efficient. FlexPay offers all the benefits of a traditional collection method with none of the drawbacks. FlexPay's patented technology is easy to use, fast, and less expensive than traditional methods. Customers simply enter their invoice details into the FlexPay system, wait for the transaction to complete and receive the amount due directly into their bank account.