Check guarantee services is a simple process at the point of sale. Your sales associate enters the customer’s driver’s license information into the point-of-sale credit card terminal and/or slides the check through a check reader to capture the bank account data. In less than one second, Secure Payment Systems authorizes the check from its database of millions of records, accessing both local and national negative files of unpaid checks. With the guarantee service the authorized checks that bounce are reimbursed to you in full after we receive them. The verification service does not offer the risk-free assurance and reimbursement of guarantee yet still accesses the databases to give you another alternative.
- Offers both verification or guarantee
- Claims reimbursement in 14 days!
- Supports all major point-of-sale terminals
- Supports all electronic check readers
- Stop payment fraud coverage
Secure Payment Systems profiles the transaction using proprietary shopping pattern algorithms and continuously updates this database with check writing histories drawn from subscribing customers. The database also incorporates a positive file of good check writers, so you won’t lose a sale or delay a customer because of high check writing activity.
It’s that easy!
The best part is we provide the equipment free of charge with no contract!
By accepting checks at your business you offer another way for your customers to pay and for your business to increase sales and profits.
Visamachine.com’s Check Guarantee services allows you to authorize and accept checks by running them through a check scanner at the point-of-sale. Verified checks are converted into electronic transactions and deposited directly into your specified bank account. If there are any problems with the accepted check, we will pay you the face value of the accepted check and going after the customer is our responsibility.
Accepted checks are sent to our online system for storage and can be accessed 24 hours a day 7 days a week once approved. Reproduced images of the front and back of the check are stored securely online for a minimum of 2 years.
Merchant’s are required to post signage at the point-of-sale informing customers that their accounts will be electronically debited for funds and in the case of any returns, their accounts will be subsequently debited until funds are collected.