Common Myths Regarding E-Signatures

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Electronic signatures have emerged as a savior for the business industry. They have made signing important documents easier while sitting anywhere in the world. Now, you don’t have to spend hours waiting for the person to sign documents, as it can be done digitally. Also, electronic signature offers various advantages to both users and businesses. However, many people still shy away from using esigns due to certain misconceptions about them. What are these? Let’s find out. 

Electronic Signatures are Not Legally Binding   

One of the biggest reasons people state for not using esignature platforms for signing important documents is that they think they are not legally binding. Contrary to popular belief, e signatures are acceptable in many countries and are as valid and enforceable as wet signatures. By using e-signing platforms, individuals and businesses can enter into legally binding agreements and contracts.  

One Can Easily Forge eSignatures   

Another myth suggests that electronic signatures can be easily manipulated or replicated, which could lead to fraudulent activities. However, esignature platforms employ advanced security measures to prevent forgery. They are backed by encryption and authentication measures to ensure integrity and security. These measures help prevent tampering and fraud, making it a reliable source for all users and a secure method for finalizing legal transactions. Remember that the key is using reliable electronic signature platforms that have put encryptions and advanced security measures in place. 

 eSign Platforms are Very Expensive   

E signing platforms are quite cost effective unlike what many people believe. Considering the costs associated with traditional-based signing processes such as printing, scanning, and storing, electronic signatures can be a more budget-friendly option for you. Further, many e signing platforms offer flexible pricing plans, making it cost-effective for users and businesses.  

 eSignatures are Not Accepted Globally   

It is essential to understand that specific regulations surrounding the use of esigns can vary from country to country. But it doesn’t mean that esigns are not accepted globally. While many countries have laws that recognize and validate electronic signatures, there may be variations in the requirements and legal frameworks in different jurisdictions. It’s always advisable to know all the regulations of the country where you intend to use e signature solutions.  

Using eSigns Delay the Signing Process   

Another common belief is that electronic signatures slow down the process, which is not true. E signatures help you close deals even quicker from anywhere. With e signatures you can sign the documents instantly without waiting for the printing, scanning, or mailing of the document. These enable quick and efficient document execution, saving your valuable time and speeding up the process. If any changes have to be made to the contract, they can also be done without worrying about printing, editing, and sending.   

 Final Words   

These were some of the common myths regarding e signatures that we have debunked for you. Are there any other myths that you have heard about them? Let us know. We would love to clear any of your doubts regarding esigns.