Check sales account for over 50% of all non-cash payments at the point of sale. That's more than $650 billion annually. When merchants accept checks, they make more sales. Check conversion and guarantee services provide the flexibility and immediacy of electronic payments, combined with the comfort and familiarity of paying by check.
Electronic Check Conversion
Electronic check conversion works 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. Check conversion combines the benefits of paper checks with the speed, ease and safety of electronic processing. Combined with check guarantee services, electronic check conversion delivers a streamlined check acceptance process that eliminates returned checks and returned check fees, while reducing paperwork and trips to the bank.
Add a Check Reader or Check Imager to your terminal to provide a complete merchant processing solution! |
