The advantages over conventional
check collection are many...
Let's list a few.
1. The service it absolutely FREE. Merchants receive 100% of the face amount of recovered checks.
2. Highest recovery rate in the industry, 70-85% on average.
3. Makes it practical to outsource the collection process and free up owners and their employees from performing this unpleasant task.
4. No setup fees and no monthly minimums or maximums.
5. A full $5 rebate for every recovered NSF check.
6. Works on out-of-state checks as easily as in-state checks. Electronic check recovery knows no state lines.
7. Direct deposit of recovered funds twice each month (middle and end of month).
8. Online electronic report system providing secure Internet access to merchant reports. This provides total visibility and complete accountability for all checks in the system.
9. Weekly hard copy report (fax or email) providing a summary of all funds recovered and paid.
10. Hard copy daily alerts (fax or email) providing prompt details about every bad check received by our check-processing center.
11. Reduce collection costs by eliminating banks second re-deposit fees and reducing the need for manual collection agencies.
12. Recovers returned check funds much faster (usually 7 - 14 days compared to 30-60 days with conventional collections). Recovered funds are reimbursed after a short hold period.
13. Often makes it feasible to eliminate the use of check guarantee or conversion equipment and their associated fees and contracts.
14. Improved relations with your customers because our service is CUSTOMER FRIENDLY. The process is not intrusive, not threatening, and not embarrassing for the check writer.
15. Toll free number to reach check-processing center with your important questions.
16. Personal one-on-one consultation with a person who cares about helping you solve your bad check problem.
Did we mention the service is FREE?
