PayLease Check Conversion (PCC)

What is PayLease Check Conversion?

PayLease Check Conversion is a service that allows users to scan paper checks into a check scanner that is linked up to their PC. Checks are scanned and loaded into the PCC software for data capture and editing. The check information is then converted to an electronic file ready for processing and deposit into your account.

Do I have to enter any check information into the system?

PayLease Check Conversion is capable of reading all the necessary information for processing. It has the ability to read routing and account numbers and even handwritten amounts. The PCC software can also link previously scanned information to tenant information so that tenant names will be automatically linked to each scanned check. Once information is reviewed and approved, the user simply selects “Upload Checks” and check information is loaded to www.paylease.com for processing. It’s that easy!

What is the turnaround time from processing to deposit?

Typical turnaround for deposit is 48-72 business hours. For clients with larger portfolios who wish to have a quicker processing time, turnaround can be as quick as 24 hours. Additional information and due diligence would be required for quicker processing times.

Will the PCC be able to integrate with my accounting package?

PayLease integrates with most major accounting packages on the market. If we do not currently have an integration set up for your accounting package, we will be able to create one for you provided we have the necessary importing/exporting information for your respective major property management software packages.

How quickly does PCC scan my checks?

PayLease offers single and multiple checkscanners. Multiple check scanners can scan up to 90 checks a minute. Check scanners can be leased or purchased based on your company’s needs.

Can PCC keep records of my checks for auditing purposes?

Yes, PCC will store the image of each check scanned into the system for up to 7 years.