Frequently Asked Questions (FAQ)
- What is PayItGreen?
- What should companies do to green up their payments systems?
- How does going green benefit my company?
- I am a small-business owner. Does this make sense for me?
- How can I get my employees interested in this program?
- How can I get my customers interested in this program?
- What are the member benefits for my company?
- What’s the easiest way to get started?
What is PayItGreen?
PayItGreen is a partnership between financial institutions, financial industry service providers, and businesses of all sizes. PayItGreen is committed to educating consumers and businesses about the positive environmental impacts of choosing electronic payments, bills, and statements over paper. By choosing electronic payments, the amount of paper in circulation can be significantly reduced—which benefits the environment. PayItGreen encourages consumers to turn off the paper in their financial lives - specifically, to use Direct Deposit, receive bills and financial statements electronically, and make payments electronically.
PayItGreen’s educational and outreach efforts are supported by PayItGreen member fees.
What should companies do to green up their payments systems?
Companies should choose electronic payments, eBills and statements over paper to save trees and avoid the release of greenhouse gases and wastewater. Businesses and consumers can also increase financial savings by getting paid and paying bills electronically.
- Businesses should offer Direct Deposit for payroll, pension, travel reimbursements and bonuses. Promote 100 percent participation in the Direct Deposit program, and offer employees split Direct Deposit into two or more accounts to help them increase their financial savings.
- Ask your bank or payment processor how to start paying your vendors electronically. Most B2B payments can be processed electronically.
- Encourage your customers to pay their bills electronically and choose to receive eBills and electronic notices and statements.
For more ideas on how to promote your electronic payment programs, visit the “Case Studies” section of this site. Also, visit the business section of www.electronicpayments.org.
How does going green benefit my company?
By using and promoting electronic payments, statements and eBills over paper, your company is not only saving the earth’s valuable resources, you are also saving money. Visit the “green calculators” section of this site to determine your company’s environmental savings.. And visit http://electronicpayments.org/businesses/bs.direct-deposit.calculator.php to learn how much money your company can save just by increasing the number of employees that use Direct Deposit.
I am a small-business owner. Does this make sense for me?
Companies of all sizes can help the environment by using and promoting electronic payments, statements and eBills. Use the calculators mentioned above to determine how much your company will save – environmentally and financially.
How can I get my employees interested in this program?
First, try for 100 percent participation in your Direct Deposit program. That’s a great way for employees to help the environment while taking advantage of this simple, safe and smart benefit.
Next, train your employees to actively promote electronic payments and eBills to your customers.
Finally, offer employeeincentives for electronic solutions to projects in their individual divisions. For instance, encourage your Accounts Payable staff to aggressively pursue paying your vendors and clientselectronically.
How can I get my customers interested in this program?
Most customers can participate in two areas -- paying your company electronically and using eBills. Look at the “Case Studies” section of this site to get ideas about how other companies promote these programs. Use the statistics on this site to tell customers how much they can help the environment by signing up for electronic payments and eBills.How can businesses get involved with PayItGreen?
PayItGreen offers three different levels of business membership to meet your company's needs and desired degree of involvement. All memberships associate you with PayItGreen and provide recognition for your company's environmental initiatives with electronic payments, statements and eBills.
What are the member benefits for my company?
When you integrate environmental responsibility into your business, PayItGreen helps you know what works. You'll share best practices with other PayItGreen members, and benefit from marketing communications that are proven effective. With PayItGreen, you help the environment as well as improve your bottom line.
What’s the easiest way to get started?
Go to the “Be a Member” section of this site to find a membership package that is right for your company.
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