How it Works
Your customers or business partners send payments directly to your retail lockbox, which is a special Post Office box that bank representatives have access to. The bank collects payments and credits them to your account much more quickly than you could do on your own. They specialize in processing large volumes of mail, and they have technology that helps speed things along.
By having a retail lockbox service manage your incoming payments, you get money in the bank with more speed and efficiency. These services have worked out ways to keep errors at a minimum while still moving fast, and they automate much of the process.
