Merchant Account Blog & Credit Card Processing Blog

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Processing checks at the point-of-sale is becomming very popular. New technology allows merchants to convert a paper check, into an electronic transaction. The check is then “Guaranteed”, removing the financial risk to the merchant. This technology will also create “Customer Loyalty”, as they will choose to do business with you, instead of doing business with your competitor.

Customers can take advantage of the “Float”, which is typically two business days before the funds are needed to be deposited into their account. Typically customers will use this prior to their payday, on a purchase needed today. Again, the check processing transaction is “100% Guaranteed” to the merchant, so the risk of the check bouncing is of no concern to the merchant.

A simple check reader is attached to your credit card machine to process the check. The merchant would simply swipe the check through the reader and enter the required information in the credit card machine. The information is transmitted to the Check Company and a “Guaranteed Prompt” is received back to your machine within seconds. The transaction is completed by returning the receipt & voided check, back to your customer. It’s that simple.

Funds are electronically deposited into your business account !!!!!

If you have any questions about check processing, please give me a call to discuss your needs.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

ELECTRONIC CHECK CONVERSION

Accepting payments at the point-of-sale is not simply credit card processing anymore. Electronic check conversion is swiping the nation, by allowing merchants to accept checks and convert them into electronic deposits, at the point-of-sale. Many merchant account providers fail to offer these new technologies and only focus on the ability to accept credit cards.

Imagine welcoming your customers check without the risk of losing your shirt in the transaction. Electronic check conversion will allow you to “Scan” the papercheck and convert it into an electronic deposit, right at your counter. Check info is passed electronically and you are prompted to “Accept” or “Decline”. Customers check is then stamped void and returned to the customer. Your funds are deposited electronically into your business account. It’s that simple.

Our affordable solution will allow you process checks in 48 hours. Call us today to discuss your needs.

MARK SANDS
http://www.usa-merchantaccount.com

If you enjoyed this post, make sure you subscribe to my RSS feed!