Disclosed is a method for processing of earnest money checks comprising the steps of : a. Receiving a physical earnest money check from a buyer that is a party to a real estate purchase and sale contract for a real estate property, b. Via a computing device connected to the Internet, accessing an online application for the processing of physical check payments, c. Selecting a Send Earnest Money Check functionality in the application and at one or more prompts capturing a photo of an image of a front face of the physical check and an image of a back face of the check, and d. At one or more prompts inputting information for an earnest money payment transaction, the information comprising buyer information, the real estate property information and title company information for a title company that is approved by the buyer and a seller to the real estate purchase contract for managing escrow and closing.