Electronic Check Conversion

Save time, get paid faster, and never again worry whether or not a check is going to clear.

Electronic check services convert your paper checks into electronic deposits without a trip to the bank.   This produces several key benefits including speed in processing, much more organized records, and better collect rates than simply sending a batch of checks to the bank.

With conversion with guarantee, your point of sale transactions can be “approved” on the spot just like a credit card and we accept the risk on the check clearing. If we approve it, your deposit is guaranteed.

  • Back office conversion: Ideal for businesses who have to handle a large volume of checks. Back office conversion is the process by which checks are scanned in for deposit rather than manually brought to the bank.
  • Point of sale conversion: For businesses that take a check as a form of payment in a retail environment, a point of sale conversion allows you to run the card through a check reader attached to your credit card terminal and instantly deposit it, or optionally, deposit with guarantee.
  • Conversion with guarantee: Available for point of sale conversion in retail type settings, this service allows for a real-time “approval / decline” like with a credit card. If it approves, the funds are guaranteed to you, the collection is on us.

So why pay for electronic check conversion when its “free” to process a check manually? Simply put, its not “free” to manually process a check. If you only get the occasional check its nearly free, but if you deal with a volume of checks, the point of electronic check conversion is that it reduces your overall cost in the following manner:

  • Save time: It’s not “free” to deposit a check. There is time spent bringing a check to the bank for deposit. There is also the manual process of making sure the check clears. You are currently paying to process checks one way or another.
  • Save money: Reduce your banking fees by having checks batch deposited. Also, save bounced check fees.
  • Get paid faster: By scanning them in, you typically save one day in processing the check, meaning the funds are in your bank account sooner.
  • Better accuracy and reporting: checks are easy when they come in one at a time, but when they come in volume, you know tracking and reporting can become a headache. Electronic deposits generate a record that can be followed.
  • Reduced losses: Account info is verified real time. Checks are instantly verified against a database of bad check writers, reducing bounced checks and fraud. And if the check does not clear, it will be resubmitted up to 3 times to improve collections.

Recent Posts

Bad excuses that cost your business money

Reviewing your credit card processing services is easier than you think.  If you hear yourself saying any of the following, we can help! “I’m under contract” Being under contract doesn’t mean you can’t change providers.  It means that you have to pay a fee to change...

read more
PC America CRE credit card integration for package stores

PC America CRE credit card integration for package stores

We install the integration for you at no cost, and save you money on the processing feesPC America CRE (also known as Heartland Point of Sale) has long been a favorite POS for liquor stores. Its easy, straight forward system that handles all your basic needs with no...

read more
Verifone VX520 end of life

Verifone VX520 end of life

Sorry to see you go old friend...We’re sorry to see you go… In 2020, Verifone announced that their popular Verifone VX520 terminal was coming up on end of life. And as of November 2021, processors sunset the terminal, and ceased building new files. While this doesn’t...

read more
Send us your most recent merchant processing statement for a free audit!