Accepting Personal Checks at the Point-Of-Sale

At Credit Card Transactions Inc., our electronic check services offer solutions for your day-to-day challenges by delivering the most powerful and merchant-friendly e-checks services in the industry today. Below are the different e-checks and online payment processing solution programs, available.

Online Checks Conversion with Guarantee

Conversion/Guarantee, our premier service, combines all the benefits of credit card check conversion and guarantee to provide the most powerful payment solution services in the industry today. Merchants are able to convert credit card or paper checks into electronic check deposits within 48 hours (two business days). At the same time, they insure the face value of the checks as well as eliminate chargeback liability and unnecessary trips to the bank. This service allows merchants to accept checks as safely and conveniently as a credit card, thereby providing merchants with virtually risk-free check acceptance.

Checks Conversion

Checks Conversion allows the merchant to convert paper checks into electronic transactions at the point-of-sale without depositing the actual check. Funds are transferred into the merchant's business checking account within five (5) business days via the Automated Clearing House (ACH). Should there be no funds available, the merchant will be notified within five (5) business days so the customer can be contacted for an alternative means of payment transactions. This is a great payment solution for a merchant who does not have a check problem but wants the convenience of not having to go to the bank for deposits.

Traditional Guarantee

Traditional Guarantee allows the merchant to "insure" the face value of the check, therefore protecting the merchant against checks written on non-sufficient funds (NSF). Merchants obtain electronic approval or voice authorization for the transaction and then deposit the checks. Checks that do not clear can be submitted for reimbursement. Reimbursement typically takes 2-4 weeks from the time of receipt of the original item, and is an electronic processing solution via ACH.

Traditional Verification Services

Verification services allow merchants to access the Negative Database to verify negative information regarding a particular check or check-writer. The merchant is simply "purchasing" information to aid in the decision to accept or decline a check. An approval is based on whether or not there is a positive match on the checking account number or home telephone number of the check-writer in the negative database. The decision to accept any check remains solely up to the merchant and is not guaranteed.

Check Collection

Check Collection allows merchants to collect on their NSF checks. Merchants send the check and information to the collection agency then the collection agency attempts to collect on the check and returns the face value of the check to the merchant. The collection agency receives a portion of the NSF fee as payment.

Mobile Check

Mobile Check service allows merchants who are on the go the security and convenience of accepting checks with the comfort of knowing that they won’t bounce.

Online Check

Online Check processing is for the merchant looking to expand their payment options and customer base with the reassurance of guaranteed funds.

ACH Payment Solutions

The ACH, Automated Clearinghouse, program allows merchants to do one- time credit transactions as well as recurring transactions. Merchant's can eliminate the hassle of net terms and increase their cash flow. ACH was first introduced in the early 1970s as a more efficient alternative to checks, ACH has evolved into a nationwide mechanism that processes electronically originated credit and debit transfers for institutions nationwide. ACH is a rapidly growing alternative to paper checks and handles billions of payments annually.