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CHECK PROCESSING - GUARANTEE YOUR CHECKS

What is Check Guarantee check processing?

Check Guarantee provides merchant account owners with the ability to accept checks from customers without having to worry whether or not the check is good or bad to accept. The Check Guarantee program will reimburse the merchant the full face value of the check, regardless of what happens after the check has been approved. Global Payments will pay the merchant account owner the full face value of the check within 7 business days (Xpress Check) or 48 hours for the Electronic Check Conversion (ECC) and pursue the fraudulent check writer to the full extent of the law.

This check process works similar to credit card processing with a discount rate, transaction fee, statement fee and monthly minimum.

CHECK GUARANTEE PROGRAMS

We offer two (2) different check guarantee programs from Global Payments

Xpress Check

With Xpress check no additional equipment is needed other than your standard credit card terminal. The merchant has to key in the check number, account number, routing number and individuals’ drivers license number into the terminal. Within 4 seconds the terminal provides an “approval” or “decline” response. Just deposit the check into your bank account as normal. In the event the check is bad you send the original cancelled check into Global Payments who reimburses you the full face value of the check within 7 business days.

Electronic Check Conversion (ECC)

The (ECC) Electronic Check Conversion program combines the benefits of paper checks with the speed, ease and safety of electronic processing. It’s just like accepting a credit card or debit card at the point-of-sale. The check is converted to a paperless transaction by electronically moving funds from the customer’s bank account to the merchant’s bank account. Combined with Check Guarantee, this service delivers a streamlined check process that eliminates returned checks and returned check fees, while reducing paperwork and trips to the bank.

With the ECC program, check writers will continue to benefit from the float of a paper check, since the electronic item is processed through the banking cycle in the same amount of time as a traditional paper check. It’s a safe process that uses a secure bank system similar to those used for direct deposits and ATM transactions.

Please note our FREE Terminal Placement Program now includes a free CR1000i check imager with all new retail accounts!

There are no differences in cost for either Xpress Check or Electronic Check Conversion (ECC). However, you do have the option of adding “With Stop Payment Coverage” so that in the event you accept a check and the customer places a stop payment order on their check, you will be reimbursed for the full face value of the check.

CHECK GUARANTEE RATES AND FEES

No Stop Payment Coverage 1.40% + $0.20

With Stop Payment Coverage 1.90% + $0.20

Monthly Statement & Customer Support Fee $10.00

Monthly Minimum Fee $10.00

Total Merchant Services (TMS) is a registered ISO/MSP for HSBC Bank USA, National Association, Buffalo, NY
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Check Processing is one of the most important business tools that any merchant doing business in Huntington, West Virginia, Reno or McAllen, Texas must insure is reliable, affordable and available to your clients twenty four hours a day, seven days a week, three hundred and sixty five days a year for Online Merchant Services of MasterCard, American Express Merchant Account and Visa credit cards.

Check Processing is important for the Lubbock, Milwaukee or Amarillo, Texas merchant who wants to be able to accept credit cards, debit cards and Visa MasterCard American Express credit cards for people needing cash to pay their property taxes, housing rent, water bill, in addition to being able to accept their Online Merchant Services to pay for your Merchant Services and products.

Check Processing are one of the most valuable assets that any merchant setting up their Online Merchant Services in Bradford, New Orleans or Scranton, Pennsylvania will be able to find in the business merchant section of the financial banking sector for credit cards, debit cards and American Express Visa MasterCard Online Merchant Services services.

Check Processing are an acceptable business practice that is guaranteed to give immediate credibility to your business product or service offered from your store front or Internet business operating from Cape Coral, Lancaster or Warren, Michigan in 2007. Online Merchant Services is the number one most requested Online Merchant Services product from merchants located across the United States, but especially in Springfield, Riverside or Baton Rouge, Louisiana for businesses accepting credit cards.

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