What is the debtor payment flow?
At setup you decide to accept whatever payment methods you prefer, including credit cards, electronic checks, personal check, or phone pay. Payments flow to the American Payment Technologies’ escrow clearing account. Here the funds are “aged” depending on the method of payment and then electronically transferred to your account each Monday. Included in the service is an automatic sweep for “Insufficient Funds” accounts with additional collections activities to successfully re-present the transactions. This removes this cumbersome activity from your staff workload and validates the debtor commitment to keep the promise to pay.
