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Electronic Check Verification

What is Check Verification?

Check verification is a low-cost service that verifies checks you might accept from a customer. It allows the merchant to know if the customer has any bad checks that have been written. The check is run through a POS Terminal or Check Reader and then its verified. This system of checking is usually done within seconds and poses no wait time for the Merchant at all. Real time verification is important to both the retailer and customer and verification allows quicker and safe transactions.

Benefits of Real Time Authorization:

  • Very quick and easy when used with a check reader
  • No discount fee charged to Merchant
  • Bad check are automatically forwarded to collection agency (no Merchant involvement)
  • Merchant is reimbursed 100% of check upon successful collection; no additional fees

 

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