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What do payees actually receive?

April 26, 2017actually payees

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What do payees actually receive?

5 Answers

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If the payment is made by check, the payee will receive a paper check bearing the following: ˚Payee Name ˚Payment Amount ˚Your account number and name with the payee ˚Check number If the payment is electronic, then the payment will be sent via the Automated Clearing House to the payee’s bank with all the pertinent information to credit your account with the payee.

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Electronic payees receive payment information in an electronic format that automatically updates their accounts payable systems. Non-electronic merchants or individual payees receive a laser-printed paper check sent through the U.S. Postal Service.

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Electronic payees receive payment information in an electronic format that credits their account. Non-electronic merchants or individual payees receive a laser-printed paper check sent through the U.S. Postal Service.

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A. Electronic payees receive payment information in an electronic format that credits their account. Non-electronic merchants or individual payees receive a laser-printed paper check sent through the U.S. Postal Service.

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Electronic payees receive payment information in an electronic format that credits their account. Non-electronic merchants or individual payees receive a laser-printed paper check sent through the United States Postal Service.