Check Guarantee - Frequently Asked Questions

Check Conversion FAQ

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• 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.