Last month, Duval County constitutional offices and the courts (judiciary, clerk’s office, public defender and state attorney) considered the proposed 2017-18 general final budget. During this third session of the City Council Finance Committee’s analysis, all proposed budgets passed – along with one, unexpected proposal.
According to the Daily Record, “Duval County Tax Collector Michael Corrigan proposed increasing his office’s budget by up to $60,000 so the city could pay the $2.50 per e-check service charge currently paid by customer.”
Corrigan explained that e-check is part of the tax collector’s menu of online payment options. 15,000 e-checks will be process this year alone. Next year, this number is expected to increase by another 3,000. This option has become popular because it costs less for customers than paying the 2.5 percent credit card service charge on a large amount (e.g. annual property tax bill).
Corrigan went on to say that the simplicity of online payment options mean fewer people have to go to the main office or a branch to pay. Since this reduces the need for staff and facilities, it can also lead to net savings. “As Jacksonville grows, we’ll have to hire more employees – or have fewer people come to our offices,” Corrigan explained.
Council Auditor Kyle Billy agreed with Corrigan, “If it keeps people from coming into branches, it could mean savings. We could put it in there and see what happens.”
The additional appropriation was approved by the committee, along with the tax collector’s proposed $5.9 million budget. It will go into effect Oct. 1.
Corrigan is among a large group of people and merchants who are realizing the many benefits of offering customers electronic check processing. Thanks to alternative providers like First American Merchant, merchants of all industries (even those with bad credit and limited time in business) can secure ach echeck processing services.
ACH echeck services allow you to give your customers even more convenient options; you can easily and quickly accept checks either online or in person. With a provider like FAM, you also have the ability to access the customer’s information, process the check and then verify there are funds to cover the amount written on it. Essentially, the check processes like a debit transaction. If you are hoping to grow your business and cut costs where you can, consider what securing ach echeck processing could offer your small business and your customers.