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Checkbook.io

Score1.7 out of 10

4 Reviews and Ratings

What is Checkbook.io?

An Accounts Payable and Receivable software solution, Checkbook offers a way to send and receive Digital Checks instead of dealing with paper and postage, or more expensive online transactions. Features of Digital Checks for businesses include instant delivery, and online deposit, at $1 per transaction, regardless of the amount.

Users can send digital checks via the online checkbook.io interface. The user enters the recipient’s name, email, and the amount, and the recipient will receive an email of their check that they can instantly deposit, or print if they choose. For when there are multiple recipients, the user can upload a CSV file and send mass checks. Checkbook.io is integrated with Quickbooks, and can be downloaded from the Intuit Marketplace.

To support easier onboarding, recipients do not need a Checkbook account, just an email address. Checkbook then provides instant bank account verification for on-the-spot deposit -or they can print a paper check, if that’s their preference.

Also, live check tracking is available from Checkbook’s integrated accounting dashboard, where users can follow every digital check through every point of the process, from delivery and deposit to posting.

Checkbook’s Digital Check technology is ultimately presented as an end-to-end, simplified payments solution that combines both cost-savings and convenience.

Top Performing Features

  • Payment Status Tracking

    Tracks what stage payments are at in the process, from approval to receipt.

    Category average: 8.8

  • Payment Audit Trail

    Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

    Category average: 8.7

  • Electronic Funds Transfer

    Funds can be transferred via EFT as opposed to paper checks.

    Category average: 8.6

Areas for Improvement

  • Automated Accounts Payable Processes

    Accounts payable processes are automated based on pre-determined workflows.

    Category average: 8.7

  • Vendor Management

    Holds information related to vendor terms and contracts.

    Category average: 8.5

  • Tax Form Preparation

    Allows users to create and share tax forms within the platform.

    Category average: 7.6

In my opinion, horrible company that cannot get their act together! Greedy worse than PayPal

Use Cases and Deployment Scope

In my opinion, run away from any company that affiliates itself with this company. In my experience, they are the absolutely worst company I have ever dealt with. They randomly blocked and suspended our account. They responded telling us they will help us with our account and then go missing in action. Our company has to stop operating for an entire day or until they respond to help. We run a property management company and, in my opinion, they do not care for their customer whatsoever. We are currently looking into legal and arbitration with them and the other company affiliated with them due to this. A class action lawsuit may be required against them and doorloop. We switched to a different software who actually cares about their customer base. In my opinion, run don't walk away from this company and any of its affiliates.

Cons

  • Customer Service
  • Troubleshooting
  • Timely Responses
  • In my opinion, Everything

Return on Investment

  • They have caused us more than 2 business days of ongoing "pause your company"
  • our attorneys are getting involved
  • we are about to lose contracts if they don't resolve their problems

Find a different company to use instead of Checkbook.io!

Use Cases and Deployment Scope

I, and the agents at the firm where I work, receive direct deposits through Checkbook.io. In my experience, I had been hacked and had to change my account number and Checkbook.io has been completely incapable of paying me through direct deposit for the last 9 months (and still counting). Their customer service department has not only told me that my account is fine (which it is NOT), but when one of our office managers reached out to them for assistance, they took over a month to get back to her and still have not fixed anything. In my opinion, they do not seem at all interested in helping or getting my account back on track and we have explained the ongoing issue to them time and time again. I suggest finding a different firm for your direct deposit needs rather than this one! I could not be more frustrated, angry and disappointed.

Pros

  • in my opinion, ignoring customer service issues
  • I think taking an unacceptable time to get back to their clients
  • restating the obvious
  • never resolving clients' concerns

Cons

  • in my opinion, their customer service department needs to actually service their clients
  • they need to get back to their clients within 48 hours instead of 28-40 days
  • have a protocol in place for clients who have to change a bank account number

Return on Investment

  • Being my personal objective is to be paid, they have not been able to pay be for over 9 months