What is a Bank Draft?
A bank draft is a pre-authorized check drawn on a customer’s checking account. Unlike “standard” checks, bank drafts are printed on blank check stock using the customers banking information provided over the phone, via the Internet, or with written authorization. With the customer’s authorization, the bank draft does not have the customer’s signature; instead, the draft indicates that it was pre-authorized by an authorized signer on the checking account being charged.

Why use a Bank Draft?
Bank drafts are convenient, easy to produce, fast clearing, have no transaction fees like credit cards and ACH payments.

How do Bank Drafts work?
Printed bank drafts work just like depositing a check into your checking account. They clear in the same way as any check payment.

Why use QDrafts integrated with QuickBooks to manage bank drafts?
Unlike any other Check Draft software, QDrafts is fully integrated into your QuickBooks processes. Never enter data twice! There is no need to learn another software. Anyone who knows how to use QuickBooks can use QDrafts with almost no additional training. It works just like printing checks from QuickBooks. You do not have to do an export / import of data or to do redundant data entry into the other software. When drafts are printed, QDrafts applies the payments to the open invoices they were drafted against, and show up as payments automatically. They are then listed in “Payments to Deposits” Once selected and deposited, they will appear in QuickBooks deposit summary.

What is the advantage of a Bank Draft over ACH?
ACH transactions can bounce. If ACH bounces, you can make a second attempt to collect for the same amount only. If a bank draft bounces, you can change the amount and collect as funds become available as long as the amount is less than the pre-authorized payer limit. ACH transactions are limited to $2500. Bank drafts are limited to the maximum policy of the payer's bank, usually the entire account funds balance. There are over eighty reasons why an ACH can be returned unpaid. There are fees for doing every ACH transactions. There are no merchant or transaction fees for printing & depositing bank drafts.

How does QDrafts save me time and money?
QDrafts can help you eliminate the costly, time consuming, and repetitive tasks associated with weekly, monthly, and quarterly invoicing. Save money from eliminating the cost of postage. With QDrafts there would be no need to send out physical invoices or billing statements. Your customer will receive a copy of the check in their next monthly statement from their bank. This will act as a receipt of their payment.

If you are using Memorized Transactions in QuickBooks to invoice on a regular basis, we can help you eliminate the costly, time consuming and repetitive tasks associated with weekly, monthly and quarterly invoicing. Just add the banking information to your current customers’ account. Run the invoices through Memorized Transactions and print the checks. All customers’ invoices will be recorded paid and you’re ready to make a deposit. This payment method eliminates the need to send invoices. The check is returned to the customer in their next bank statement as a receipt of the transaction.

• No more time and money spent on sending invoices in the mail
  
• No more opening envelopes and posting payments to QuickBooks
  
• No more wrongly posted payments due to human data entry errors
  
• No more late payments or waiting for “check is in the mail”
  
• No more costly merchant fees or charge backs
  
• No more waiting for the money received from credit card payments to be deposited into your account
  

Are there any transaction fees for using QDrafts?
No. Unlike merchant credit card fees, and ACH drafts, there are no transaction or monthly fees.

Pricing

• Regular pricing
  · $349 (1 license)
  · $1045 (5 License) (40% off)
  · $2060 (15 License) (60% off)
  

Support, upgrades, and money back guarantee.
After licensing and registering QDrafts we offer 30-days of free telephone support. We offer free upgrades and software fixes for a 90-day period from registration. During the first 30-days, if you are unhappy with QDrafts and we are unable to resolve your dissatisfaction with the product, we will fully refund.