Check Verification, Check Guarantee and Check Guarantee with Conversion

Believe it or not people still write checks; lots of consumers still like the 2 day float when writing a check. We get a lot of questions regarding check services and what is involved with this process. Check services can work with your POS (Point of Sale) credit card machine but it does go through another company other than your merchant service provider. Your machine has to have the ability to add another application for the check service.

Check Verification
This service screens checks and the person who wrote the check in database that has a list of people who have a history of writing bad checks. The merchant enters the information in their POS machine and if the person has a negative history the transaction will decline. However, this service does not guaranty that you will be funded for the check.

Check Guarantee
This service like verification lets you know if the check writer has written bad checks or has outstanding unpaid checks. To use this service the merchant either scans the check through a checkreader or enters the check information on the POS machine along with the customers drivers license number and phone nunbers. If your customer is approved the check service company will guaranty that you are paid for the check amount; any issues after this the check service company will go after the check writer.

Check Guarantee with Conversion
This service is top notch!! This service utilizes the tools in verification and guarantee but also converts the check to an electronic fund right at the point of sale. This is similar to a PIN based debit transaction; once the merchant scans the check and enters all pertinent information the funds are automatically pulled from the customers checking account and on its way to the merchant. The merchant will simply stamp the back of the check and hand the check over to the customer; with conversion the merchant no longer has to deposit the checks into the bank.