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- Is there a set up charge?
- How much does your service cost?
- When and how fast do I receive my money?
- How often am I billed?
- What do banks think?
- Can companies out side of the U.S.
use this program?
- What if my customer has concerns
about giving out their check information?
1. Is there a set up charge?
Yes there is a
set up charge of $79.00 unless you receive five or more returned checks per month.
We do not charge maintenance fees, monthly minimums or
have any other hidden fees as with other companies.
2.
How much does your service cost?
Electronic NSF check collection is Free.
Traditional methods are free also if we are unable to collect the bad check. If
traditional methods have to be used to collect the item, we reimburse a 100% of the
collected amount. Checks over six months old are charged a percentage.
3.
When and how fast do I receive my money?
All NSF checks collected are paid weekly.
We can not guarantee when or if we will collect any check. Our experience tells us
that will collect up to 85% of the checks we receive. Depending on your business,
this could be higher or lower.
4. How often am I billed?
You are never billed for NSF checks recovered electronically.
The check writer pays for the NSF check fee as allowed by state law. You are never billed for
checks that are collected using traditional methods. We only retain a percentage
of what we are able to recover and reimburse the remainder for checks over six months old.
5. What
do banks think?
Banks are regulated by the same
governing authority as we are, NACHA. They must abide by the same laws we do.
6. Can companies out side of the U.S.
use this program?
No. We only collect NSF checks in the USA.
7.What if my customer has concerns
about giving out their check information?
We already have their check information
just as you do when you accepted their check. We are regulated by the Federal Reserve and NACHA
and must abide by the law. We also follow the Fair Debt Collection Practices Act. We will do
nothing that could jeopardize our ability to continue in business or to hurt your
relationship with your customer.
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