What happens to my original check?

After making a digital image, bank may destroy your original check. If necessary, a substitute check may be created. Since substitute checks are legal copies of your original check, there is no need to save original.

What if I need a copy of a canceled check?

Your bank will produce a copy for you.

How does Check 21 relate to electronic check conversion (e-check)?

Check 21 involves creating digital images of original checks, but are still processed under same laws and regulations as paper checks. On other hand, electronic check conversion, or e-check, occurs when a check is converted into an electronic funds transfer. The transaction is then routed through Automated Clearing House (ACH) network.

Who wins?

THE BANKS! Banks will be saving big dollars on their operational costs. Merchant may see faster funds availability but many were already seeing quick funds availability using paper checks. Consumers lose float. So "suprisingly" banks are real winners.

For more information visit http://www.aba.com or http://www.nacha.com

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Locate drop-shipping companies

After selecting product next step is to find a reliable drop-shipper for it. This might not be an easy task! The things that you should look into a drop-shipper are followings:

1. A reputable supplier with drop-shipping experience 2. Ready to ship one item at a time 3. Do not ask for any membership payment 4. Will use your name as shipper 5. Will enclose blank invoice or invoice from you 6. On packaging there will be no indication that they are supplier.

You might think that easiest way of finding a drop-shipper is just to buy one of numerous lists on Internet for sale. I won’t recommend you to use them for number of reasons. Often, these lists are outdated or carry wrong information. Even if you find companies through lists, since many people use these lists, you get into fierce competition for market share not even starting to sell.

Use following approach instead:

Online search

The first step is, naturally, to use search engines. Using various combinations of keywords of your product with words: manufacturer, wholesaler, drop-shipper, dealer, see if you can find original source of product.

If several online retailers are already selling this product, do some detective works! Check out sites thoroughly. May be, you can find a clue, which will help you track down supplier.

If it is an imported product go to sites like Alibaba, ecplaza, Rusbiz, trade-india. Locate manufacturer and get in touch with them to find who you should contact in your country to retail sell their products. If product is manufactured in North America, best source to find them is Thomas register.

Trade exhibitions

You should definitely attend trade shows related to your category of products. This is an easy way to find a number of suppliers, who might be willing to work with you.

Trade magazines

Trade journals and publications are also a good resource for finding suppliers of your products. Although, you might have to go through a sizable quantity of them before you stumble on right supplier.

Conclusion

Drop-shipping has some inherent drawbacks too. The biggest of them is you have to totally rely on drop-shipper to fulfill your order and get product to your customer on time. The others are: you don’t have any control over price or availability of product. However, a good drop-shipper cares for his reputation since his business depends on retailers like you. That’s why you have to be very careful in choosing right drop-shipper.