Check Payments Are INCREASING Year Over Year! Find Out WHY, and HOW Checkbook.io is Helping to FIX This for Businesses and Customers, with PJ Gupta, Founder of Checkbook.io, [E66]

In this episode of The Payments Show Podcast, I spoke to PJ Gupta who is the Founder of Checkbook.

Checkbook is a platform which enables organisations to reduce the costs and overheads of handling and processing cheque payments. It supports a variety of flexible deposit options enabling recipients to choose the deposit option that best suits their needs.

Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.show

Summary of topics discussed:
1. Why Check / Cheque Usage Is Increasing
2. The Challenges for Business Payments
3. Software vs Rails
4. What Problems Does Checkbook Solve?
5. Use Cases vs Rails
6. Single API
7. The High Cost of Exceptions
8. Ultra Low Cost, Fast Payments
9. Convenience: No Signups
10. Increasing Efficiency By An Order of Magnitude
And much more…

Details:
- Recorded on 26 Apr 2023
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: PJ Gupta, Founder, Checkbook

[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- Checkbook: checkbook.io | @checkbook

Chapters

• 0:00 Introduction
• 0:43 Start
• 1:42 Check Usage Stats!
• 5:22 Who's Writing So Many Checks?
• 6:19 The Challenges for Business Payments in the USA
• 7:35 The Cheque Is In The Mail!
• 10:30 Software and Rails: Overcoming These Two Legacy Challenges
• 12:38 The Checkbook Solution: What's The Problem We're Solving?
• 14:16 First: Determine Use Cases
• 15:17 Second: Pick the Rail
• 15:52 One Single API or Interface
• 16:48 The True Cost of Exceptions
• 17:28 Ultra Low Cost, Fast Payments
• 19:01 Customer Convenience: No Sign Ups Required
• 20:37 Case Studies and Use Cases
• 25:45 Getting Started with Checkbook
• 26:38 Increasing Efficiency By an Order of Magnitude
• 29:42 Pricing
• 31:09 The Future
• 33:50 Get in Touch with Checkbook
• 34:08 Chit Chat