eGold - Electronic Check Conversion with Guarantee

Wouldn't you be happier if you could process checks like you do credit cards? You can. eGold Electronic Check Conversion mirrors credit card processing. Imagine not having to do bank deposits, no longer waiting for checks to clear, and saving time and money.

Are you ready for this? Your checks are also guaranteed with our eGold check conversion service. No more NSF problems. There-s more when it comes to your benefits. Read on.

eGold electronic Check Conversion Benefits

• Faster availability of funds.
• Increase sales by accepting all types of checks including out of state checks.
• Eliminate bad checks.
• Eliminate NSF and deposit fees from local bank.
• Customer checks electronically deposited so you don't have to go to the bank.
• Lower banking fees.
• Process is simple to use because it mirrors a credit card transaction.
• No paper claims file for bad checks.
• Detailed free online reporting available. Free Customer Service & Tech Support.
• Check Guarantee and conversion at the Point of Sale.

How does eGold Check Conversion Work?

Check Conversion at point of sale

• Merchant will swipe check through a check imager or reader and input driver's license number and amount of sale.
• If transaction is approved, a duplicate receipt will print and customer completes receipt.
• The check is stamped "ACH Processed" and check along with the receipt are handed back to the customer.
• Check Processing Company will fund merchant on transaction in 72 hours.
• Merchant will not be charged back for any returned checks. (As long as proper procedures were followed)

If you have further questions, regarding security, charges, and other requirements, read further before you apply.

Frequently Asked Questions

Do I get charged if a customer check is declined?

NO. If a customer-s check is declined the merchant will not be charged the discount percentage fee on that transaction.

Is your check conversion program in compliance with the NACHA ?

Yes. Our programs are NACHA (National Automated Clearing House Association) compliant.

Is check conversion as secure as credit card processing and is it less expensive?

Yes. With our system, you can process checks with the same security as with a credit card, and for a lower cost.

Will I still need to make bank runs to deposit checks?

NO. Since the customer check is converted electronically at point of sale, you deposit electronically right from your business computer.

Do I still need to keep track of paper checks?

NO. Once you-ve converted a check it-s stored electronically. And, you always give the customer their original check with a receipt.

Does the customer have to be present for the transaction?

Yes. A Face-to-face transaction is required.

When you apply, you-ll get a free consultation with one of our dedicated financial advisors.