Cross-Check Traditional Check Guarantee
Think of check guarantee as check insurance. To be perfectly honest, most of our clients have no interest in a check guarantee service - until they get stuck with their first uncollectible bounced check.
Credit Card Processing Services, representing nationally respected Cross-Check offers a very reasonable check guarantee program designed especially to protect the small merchant who can least afford to be hit with an unexpected loss. This program is known as a traditional check guarantee service used by hundreds of thousands of merchants nationwide for many years. It is important for retailers to offer checks as a payment option because in many cases this is the preferred payment method by the customer and they simply may not own a credit card or be carrying around the disposable cash to make a purchase from you. In today's economy you never want to allow a prospective buyer to walk away empty handed.
Here is how our Traditional Check Guarantee Program Works
Your customer writes a check payable to your business name for goods purchased or services rendered. They then present their driver’s license for your review. You then have three simple options for obtaining approval for the check:
Option 1 – Voice Approval
Simply call the 24/7/365 live operator toll-free approval line and provide the check information. The phone service representative will provide you with either an approval code or a decline on the check should they be in the negative database. There is no additional cost for using voice approval.
Option 2 – Website Lookup
You will log onto the Merchant Log-In section of the Cross-Check website and enter your unique Store Number and PIN. An easy to use web form will popup where you will key in the check information and then push submit. In a few seconds the check will either be approved or declined. There is no additional cost for using website lookup.
Option 3 – Electronic Check Reader
For only $299.00 you can purchase the IVI Checkmate 3000 electronic check reader. This is the most popular and easiest to use check reader available today. It connects to your existing phone jack or splitter and sits next to your credit card terminal. Simply zoop the check through the reader and it will read the MICR code numbers on the bottom of the check. Key in the drivers license number, state code, state ID number from a chart we provide, and the dollar amount of the check. In about 10 seconds the check will either be approved or declined.
If you would like to use a standalone automatic check reader we recommend the Check Manager 3000 which we sell for only $299.00. This time saving device will automatically read the magnetic ink on the check to cut down on employee keying errors. It is quick and simple to use.
What Happens Next
What Happens if the Check Bounces
Even though you received an approval on the check it is still possible that the check could be returned by your bank as NSF because the customer didn’t have the funds available at the time it was deposited. What you will then do is place the check in a pre-addressed envelope and mail it to Cross-Check. As long as you followed the proper authorization procedures when you accepted the check then Cross-Check will pay you the full face value of the check, up to your pre-approved per check limit within 30 days. It is that simple!
What are the costs:
Here are some additional options you may want as well:
For more information or to sign up for the Secur-Chex Check Guarantee Program please complete the "I Want More Info Form", email us at Kevin@nobouncedchecks.net or call Kevin direct at 215-489-7878 or toll-free at 800-717-1245.