1) Customer decides to pays for sale by check at checkout. 2) Check is scanned using TeleCheck Payment Terminal. 3) Sale amount is electronically  deposited into merchant's checking account within business 2 days.

Tell me how electronic check guarantee works? 

The new, most efficient, convenient and affordable way to process checks is by electronic check conversion. This process involves converting paper checks to electronic payment at check-out. Here's how it works:

1. Customer presents a check for payment at check-out.
2. Check is scanned through the TeleCheck Payment Terminal which captures and records customers checking account and sale amounts.
3. Amount of the sale is electronically deposited to the merchant's checking account within 2 business days. No need to take paper checks to the bank anymore.  You will never see a bad check again.

With nearly 40 years of experience and more than 375,000 subscribing locations in multiple business sectors, TeleCheck offers a variety of electronic check payment services and products to accelerate merchant cash flow, lower operating expenses and help increase sales, resulting in lower costs for consumers. Backed with the industry's most comprehensive information and risk management systems exclusive guarantee and recovery programs, these services offer unparalleled security.

Check Cashiers can now research check and customer's ID before handing over cash

The TeleCheck® Check Cashing Warranty or Verification Service helps check cashiers separate good check writers from bad ones allowing them to adopt a liberal check acceptance policy that will benefit both the check cashier and their customers.

Armed with national databases containing real-time information from more than 306,000 businesses and financial institutions, TeleCheck offers the most accurate check verification service in the industry. These databases provide check cashiers with continually updated information including bad check activity as it occurs, automated inquiries using the customer's identification (Driver's License or state ID) as well as checking account data. Fees start as low as 30 cents per check.

Here's how it works. Using the TeleCheck Payment Terminal, the TeleCheck Check Verification or Warranty Service quickly separates good and bad check risks using TeleCheck's database. This database comprises more than 51 million bad check records, enabling check cashiers to make informed, reliable decisions regarding each check their business sees. Our advanced services make it possible for merchants to accept more checks, leading to increased sales, higher profits and greater customer satisfaction. The benefits of our Check Verification or Warranty service include: 

• Identify and prevent fraud based on real-time information

• Lower overall cost of check acceptance

• Make cost-effective and timely decisions, based on  live data

With nearly 40 years of experience and more than 375,000 subscribing locations in multiple business sectors, TeleCheck offers a variety of electronic check payment services and products to accelerate merchant cash flow, lower operating expenses and help increase sales, resulting in lower costs for consumers. Backed with the industry's most comprehensive information and risk management systems exclusive guarantee and recovery programs, these services offer unparalleled security.

New and Used Car Dealers can now warranty up to 4 hold checks

Hold Check Warranty is your insurance against NSF checks and lost commissions. Our Hold Check Warranty will instantly warranty four (4) deposit hold checks for as long as 45 days. This will allow you more closed sales equal, higher sales volume, increased profits and greater sales commissions.

Here's how it works. Our TeleCheck Payment Terminal will instantly approve checks at point-of-sale. New and used car dealers can qualify to take advantage of our special low check guarantee rates. We can get your business set-up to put a stop to NSF check headaches within next business day. Benefits of the Hold Check Warranty are: 

• Fast Check Approvals

• Affordable Low Rates

• Fast Reliable Service

The TeleCheck Payment Terminal is all you need

The TeleCheck Payment Terminal is a point-of-sale payment solution that allows the acceptance of all non-cash payment types while maximizing counter space. This all-in-one payment terminal outperforms the others by eliminating the need for multiple terminals to authorize and process checks, credit cards, debit cards, and EBT transactions.

The TeleCheck Payment Terminal combine the benefits of the industry's largest, most accurate databases with the most advanced authorization and payment technology. Features and benefits include:

Call us now for a risk free - no obligation quote on a solution to your payment processing needs. Our experienced professionals are available Monday - Friday, 9:00am - 5:00pm US Eastern Time at toll free 1-888-857-9154.

OR

CLICK HERE NOW for a risk free - no obligation quote  via email.

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APPLY ONLINE NOW on our secure site

We know you will have questions about check protection services, so below,  we have complied the most asked questions on check authorization, verification, guarantee and electronic check processing.

Just how popular are checks? 

Next to cash, checks are the most popular method of payment in America. In fact,  checks represent 60% of non-cash payments in America, and according to the recent data, consumers wrote an estimated 12 billion checks at point-of-sale last year... representing $39.3 trillion in payments.

What is the cost of accepting checks? 

Recent estimates show that it costs a merchant (on average) $0.22 to accept a cash payment versus $0.45 for a check, $1.07 for a credit card payment and up to $0.80 for a debit card payment. Next to cash, checks are the least expensive payment form for merchants. 

How serious is check fraud in the U.S.? 

The National Retail Federation estimates that retailers loose nearly $6 billion a year in bad checks, and throughout the U.S. economy, check fraud is believed to be a $10 billion a year problem.

What is Check Verification?

Check Verification allow merchants to determine what risk level is acceptable for their individual business. The customer's check writing activities are compared with negative databases along with its risk management system to identify not only bad check writing risks, but also good ones.

What is Check Guarantee?

Check Guarantee is similar to Check Verification - with a guarantee. The customer's check writing activities are compared with databases to determine the risk level. An approval number is given to the merchant at point of sale for successful check verification. If the verified check is returned by the bank, the check guarantee service will pay the merchant face value for the returned check.

What is Check Conversion or Check Truncation?

Check Truncation and Check Conversion is a payment method where paper checks are electronically converted to ACH debit transactions. The merchant scans the consumer's check at point of sale using a check scanning terminal and the payment amount is debited electronically from the consumer's checking account.

What is Check Collections or Check Recovery?

Check Collections or Check Recovery service usually includes contacting the customer of the NSF check by phone or mail to resolve the outstanding payment issue. The customer's check can also be converted into an electronic ACH debit. The customer's checking account is then monitored and debited electronically when the funds are available to pay the NSF check plus fees.

Who is TeleCheck?

TeleCheck is the world's leading provider of paper and electronic check services helping more than 342,000 retail, financial institution, grocery and other industry clients reduce the risk of accepting point of sale checks. In 2001, TeleCheck authorized over 3.4 billion transactions worth more than $171 billion dollars.

Who is American Credit House, Inc?

American Credit House, Inc., in existence since 1996, specialize in establishing affordable check guarantee, stable credit card merchant accounts and fraud prevention payroll check cashing systems for legitimate businesses with monthly sales volume of $10,000 to $50 million.

We can establish check payment systems and credit card merchant accounts for your US Domestic Business, Canadian Business or International Business.

We can also establish for your business electronic payment systems such as Electronic Funds Transfer (EFT), ACH Debits and ACH Credits, Checks by Telephone, Checks via the Internet, Check Guarantee, Check Verification, Check Conversion and Check Truncation.

Other services include repair of your existing payment processing terminals. We can give you a quote on repairing Verifone terminals, Omni terminals, TeleCheck Eclipse terminals, Hypercom terminals, Linkpoint terminals and Nurit terminals. Please call our support department at 888-857-9154 ext 105.

Call us now for a risk free - no obligation quote on a solution to your payment processing needs. Our experienced professionals are available Monday - Friday, 9:00am - 5:00pm US Eastern Time at toll free 1-888-857-9154.

OR

CLICK HERE NOW for a risk free - no obligation quote via email.

OR

APPLY ONLINE NOW on our secure site