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Check Guarantee
Check Conversion/Guarantee
Four levels of check guarantee to choose from. Traditional check guarantee, conversion/guarantee, FREE
Check Guarantee or our Check Guarantee Plus.
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- Traditional Check Guarantee
- Check Conversion/Guarantee
- Free Check Guarantee
- Qualified Checks
- Guarantee Plus
- Consolidated Returns
1. Traditional Check Guarantee
Traditional check guarantee is the process of taking checks at
point of sale, running the check through a check reader and getting an approval. You deposit the check as you
would normally do. If the check is returned not paid, your bank sends the check directly to us for processing.
You receive 100% of all qualified checks on the first payment cycle after 15 days of receipt. Reports are issued every
Friday and payments are deposited within three banking business days.
2. Check Conversion/Guarantee Coming Soon.
Check conversion is the process of turning a paper check at point of sale and converting it to and ACH debit. The benefit
of check conversion is faster availability of funds. With check conversion/guarantee your funds will be electronically
deposited in two business banking days. If the check is returned by the check writers bank we will have it within three days
or less. This means you don't have to wait two weeks or longer to find out if it was not paid. This means you can
be paid on all qualified checks up to two weeks faster.
3. Free Check Guarantee
Free check guarantee is just that. No discount fee or transaction fee. All checks up to
$30.00 are guaranteed as long as they are not on our hot list. Qualified checks are checks that are returned as
NSF, non-sufficient, uncollected funds and even account closed!. Any checks over the limit that are returned
are placed in the collection process and 100% of the face is returned to the merchant when collected.
4. Qualified Checks
Qualified checks are checks that are returned as NSF, non-sufficient, uncollected funds and even account closed!. All other returned checks
are placed in our collection system and 100% of the face value of the check is returned to the merchant when we collect
from the check writer.
5. Guarantee Plus
With our "Guarantee Plus" program you can have stop payment checks guaranteed also. This is
available with our check conversion program only.
6. Consolidated Returns
Consolidated returns can benefit every merchant with any of our programs except our Check Conversion/Guarantee program.
With check conversion there are no paper checks to consolidate.
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If you are interested in one of our check guarantee programs you can Apply For Check Guarantee now.
We will contact you within one business day with your rate (if any).
Updated
Information subject to change without notice
Privacy Policy:
Customer data is used for internal purposes only.
It is not shared or sold.
Customer may receive E-mail from the company.
Checkmatic Recovery Systems
P O Box 130021
The Woodlands, Tx.
Phone:
Fax:
Email Us
Checkmatic and the Checkmatic Logos are the Trade Marks of CRS.
© 1999-2003 Checkmatic Recovery Systems.
All Rights Reserved.
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