Electronic Check Conversion is the process
of converting a paper based check into an
electronic transaction at the point-of-sale.
The check information is then transmitted
via electronic equipment to a national verification
database where it is evaluated against negative
information. Within seconds a response is
sent back to the merchant. A receipt very
similar to a credit card transaction is
generated and the customer signs it, thereby
authorizing the electronic collection of
funds to the merchant. The check information
is then stored and the transaction deposits
are routed to the merchant's account within
48 to 72 hours.
Merchant Account
Owners Check Guanrantee Benefits
All of our merchants will appreciate the
overall convenience, and safety, of accepting
a form of payment that is absolutely guaranteed.
Our check conversion process not only processes
the check electronically, allowing the merchant
to forego trips to the bank, but also
guarantees the approved transactions. With
this program the merchant simply accepts the checks and
the check conversion program does the rest! Merchant's
can now accept & process checks just like they accept
& process credit cards.
Additional
Options
This program offers electronic check conversion and
on-line transaction viewing and customized detailed
reporting. With the new reporting features merchants
are able to track all of their transactions through
a secured on-line system that is available 24 x 7. The
reporting capabilities of this system also allow merchants
access to customizable reporting features. This will
give you detailed information in the format most merchants
prefer. This program takes all of the guesswork out
of accepting checks and manages the process for our
merchants.
With Electronic Check
Conversion the paper check is turned into
an electronic transaction and processed
using your credit card machine. Once the
check has been converted at the point-of-sale,
it is then electronically deposited to your
account. In addition, the full amount of
each check is 100% guaranteed! You are guaranteed
your money.
When you open a Merchant Account with Cardstreet.com
you have the option to accept electronic checks online
and there is no risk with the Check Guarantee Benefits
that we offer. Of course you can also accept all major
credit cards with our Merchant Account, and there is
no fee for setting up Visa, MasterCard, American Express
and Discover Card.
