Check GuaranteeWe offer solutions for any business challenge.
Electronic Check Service - Processing checks electronically with guarantee at the point of sale is simply more efficient than handling paper checks. With “electronic checks”, we can verify fund availability more easily, process the transaction more efficiently, provide you with your money faster, and help you reduce and handle returned checks more effectively.
HOW DOES IT WORK?
1. Scan the check through a check-reader connected to your credit card terminal.
2. Your customer signs the printed receipt, authorizing the transaction.
3. Return the check to your customer, it is deposited electronically. The transaction is now guaranteed, it will not bounce and you don’t go to the bank!
- “Guaranteed” service level prevents checking account debits for returned checks
- Submit check payments electronically for faster settlement and payment
- Improve productivity and operating efficiencies
IMPROVE CASH FLOW
- Guaranteed funds upon approval
- Increased availability through faster settlement
- Eliminate daily check reconciliation, trips to the bank, and separate check handling processes - your electronic checks get deposited along with your daily credit card and debit card transactions
- Faster checkout
- Customers receive confirmation of the transaction and a voided check, eliminating the risk of physical fraud on their check
- Customers receive enhanced transaction detail on their monthly bank statement
WHAT DOES IT COST?
The cost is typically less than a credit card transaction. The cost varies depending on business type. Contact us for an industry specific quote.