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eMailACheck is an online payment platform where digital checks can be written, sent, and received instantly. The company first introduced its patented system to the market in August of 2022, and is now serving over 28K users.
eMailACheck is developing proprietary patented technology that we believe will revolutionize payment creation and delivery. On our digital platform, users can easily draft securely encrypted electronic checks and send them via email or SMS, providing a safe, speedy, and eco-friendly alternative to paper checks.
The global market for digital payments is expected to reach nearly $20T by 2025, growing at a robust CAGR of 24.4%.* Even so, eMailACheck believes that a digital solution is needed for paper checks, which are still used for over 16 billion payments each year, and account for over $26T in financial transactions annually.*
eMailACheck was co-founded by payment processing and financial industry veterans, in collaboration with expert fintech, banking, and software development advisors. Leveraging this collective expertise, the company has created its own patented payment technology, which has been tested for many years, and is now being used by thousands of businesses and individuals.
the pitch
eMailACheck is providing a 21st century banking solution with patented technology that digitizes check payments and eliminates the need for paper checks. Our system allows users to securely write, send, receive, and deposit electronic checks from anywhere in the world, using only a phone, tablet, or computer to complete transactions in seconds. To date, the company has already helped thousands of users with paperless checking that is fast, reliable, eco-friendly, and costs only pennies per use.
For the many industries and individuals that still rely on check banking to conduct business, eMailACheck’s patented system solves the challenges associated with paper checks, by providing a safer, more efficient and sustainable end-to-end solution.
As an advanced, fraud-proof security measure, all digital checks sent through the eMailACheck platform are encrypted with their own unique barcode encompassing the payer’s signature and account information. They’re also sent instantly – no envelopes, stamps, or ink needed – so you never have to worry about lost checks or late payments, as a result of delayed mail delivery.
The Problem & Our Solution
In recent years, the payment industry has experienced a lot of evolution, presenting consumers with more options for making and receiving payments. Yet, despite the growing popularity of electronic payment platforms, many industries still prefer to cut checks for transactions such as paying rent, purchasing real estate, or donating large sums to charity. Even at the government level, checks are still used to remit 437M payments annually.
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At the same time, handwritten checks come with a number of potential pitfalls, including slow processing, postage costs, environmental waste from paper production, and an overall lack of security as checks can easily become lost or stolen in the mail.
As a solution, eMailACheck makes the entire process fast, easy, and cost-efficient, with technology that digitizes checks and transmits them via email at the click of a button. All payments sent through our platform are received within seconds, and can be digitally tracked by both parties, making it easier than ever to send and receive checks.
The Market & Our Traction
eMailACheck launched operations in 2022, utilizing a SaaS profit model that generates revenue each time a check is emailed. Beginning with consumers and migrating towards businesses, eMailACheck targets all check users, and because our fee is less than the price of a postage stamp, the applications for our platform are numerous. In less than a year, we’ve seen our user base increase from 11K to 28K users and we anticipate even more growth as we widen our marketing outreach.
The company has additionally established partnerships with adjacent brands in the financial sector, integrating with Quickbooks software, Q2 Banking, and Rent Manager, which we believe will allow us to reach an expanded customer base and capture substantial revenue share in the digital payment market.
Why Invest
eMailACheck has built an affordable and accessible software solution that we believe is the future of checking. Our paperless platform is fully-operational, providing value to thousands of customers, and now we’re ready to serve even more users. In order to achieve this goal, next steps for the company entail scaling our marketing and advertising, as well as integrating with consumers, banks, and payment companies to realize additional market opportunities. Be a part of our success story, by investing today!
eMailACheck is an online payment platform where digital checks can be written, sent, and received instantly. The company first introduced its patented system to the market in August of 2022, and is now serving over 28K users.
Amaha Selassie
Chief Executive Officer
Alan Waserstein
Director
Jake Waserstein
Founder
Nate Bekerman
Advisor / Business Development
Brian Riemer
Advisor / Business Development
Lucio Biase
Advisor Consultant
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based Perks
Friends and Family - Invest within the first 72 hours and receive 15% bonus shares
Super Early Bird - Invest within the first week and receive 10% bonus shares
Early Bird Bonus - Invest within the first two weeks and receive 5% bonus shares
Volume-Based Perks
Tier 1 Perk — Invest $500+ and receive 6 months free check writing on the eMailACheck Application.
Tier 2 Perk — Invest $1000+ and receive 8 months free check writing on the eMailACheck Application.
Tier 3 Perk — Invest $5,000+ and receive 12 months free check writing on the eMailACheck Application.
Tier 4 Perk — Invest $10,000+ and receive 16 months free check writing on the eMailACheck Application.
Tier 5 Perk — Invest $25,000+ and receive 1% 18 months free check writing on the eMailACheck Application. A preemptive right which gives shareholders the right to purchase additional shares of the company's stock before they are offered to the public or other investors.
Tier 6 Perk — Invest $50,000+ and receive a 2% bonus and 36 months free check writing on the eMailACheck Application. A preemptive right which gives shareholders the right to purchase additional shares of the company's stock before they are offered to the public or other investors
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
EmailaCheck will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
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Alan Waserstein
EmailACheck
•
6 months ago
Hi Danny, Thank you for your question. We appreciate your feedback regarding the process of printing out a check for deposits. While the traditional method is still available, we are actively exploring various options to enhance the depositing experience for our users. Currently, we have three additional methods in place to make deposits, and we are continuously seeking strategic partnerships to further streamline this process for our customers. Our goal is to provide a seamless and convenient experience for everyday transactions, including expanding our services to businesses. Regarding credit card transaction fees, we understand the importance of minimizing costs for both customers and merchants. While we cannot provide specific details at this time, we are committed to exploring ways to eliminate or reduce such fees. This includes considering the integration of popular payment platforms like Apple Pay, enabling users to pay with a check and providing instant payments to merchants. We appreciate your input and assure you that we are actively working towards making the depositing process simpler and more efficient. Thank you for your support as we continue to improve our services.
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