As entrepreneurs we understand the need for fast payment but found credit card processing and ACH fees took a huge chunk out of our profits. Additionally, we’ve had our own high-risk business and have been turned down time and again for merchant processing and ACH processing. Paypal, Stripe, Square, and all of the other “alternative” credit card processors are easy to start and often do not require an approval process but they also are not regulated in the same ways that traditional credit card merchant processing is regulated. That means the startup process is easy for the merchant but the security of their funds is at risk of being “held” for no valid reason by the processor at any time. We’ve not only experienced this ourselves with Paypal and Stripe, but we are personally aware of other small businesses this has happened to. What would having $1,000, $5,000 or even $10,000 or more of your money frozen do to your operations? It nearly crippled ours. As a technology company we decided to do something to solve our own credit card processing troubles. We realized that if we could make the check writing process fast and simple for customers while not slowing down our access to cash, we would have a product that other businesses would want to use as well. In 2018 we did it. We created SimpleChex.