Electronic Check

Take the risk out of accepting checks! One of the biggest drawbacks of accepting paper checks is that it leaves you open to fraudulent and bounced checks. In addition to uncollected funds, you are also likely to get charged by your bank for Non Sufficient Fund (NSF) fees. This is why many merchants have adopted Electronic Check or "E-Check." Check Guarantee and Check Guarantee with Conversion are two very viable solutions that will make accepting checks safe, secure and fast.

Check Guarantee
With check guarantee, the check writer is checked against a national database of bad check writers. If the check is approved, your funds are guaranteed. The check is deposited at your local bank like normal and any returned checks are to be mailed to the check company for reimbursement. No other equipment is required for processing as the information is inputted using the terminal's keypad.

Benefits
The benefits of Check Conversion with Guarantee:

Eliminate bad checks.
Increased sales by accepting all personal checks, including out-of-state.
Eliminate NSF fees from your bank.
It’s a simple process, similar to a credit card transaction.

Check Guarantee with Conversion
Check guarantee & conversion is very similar to the standard check guarantee. Instead of going to the bank, the check is converted into an electronic ACH debit. The funds are guaranteed and automatically deposited into your checking account within two business days. You stamp the check "ACH" and return it to the customer.

Benefits
The benefits of Check Conversion with Guarantee:

Eliminate bad checks.
Increased your sales by accepting personal checks, including out-of-state.
No paper claims file for bad checks.
Detailed online reporting available.
Avoid extensive paper handling by employees—the check is handed back to the customer after being scanned.
Faster availability of funds, especially for out-of-state checks.
Eliminate NSF and deposit fees from the merchant’s bank.
It’s a simple process, similar to a credit card transaction.