With Electronic Check
Conversion by APS, taking checks is absolutely risk free!
It's a fact of life: over half of all non-cash payments at point
of sale are made by checks, with over $650 billion spent annually in the
US alone. This is why most merchants cannot afford to not take checks.
And up until now, the risk involved with taking checks was a double-edged
sword - refuse checks and lose sales, or the worst possibility, have a
check bounce and lose revenue and time.
With the APS
Check Conversion Guarantee, if the transaction doesn't clear,
APS will collect the full amount. Meaning you, the merchant, don't have
to worry about returned checks or fees. APS deals with it for you!
Electronic check conversion
is a simple, superb way to ensure your customer checks clear, and can
save you time and money. The process is simple:
- Your customer writes
- The check is run
through your check reader terminal. The terminal readsthe codes at the
bottom of the check, and then verifies it electronically.
- The electronic
codes are sent securely to APS and are checked against a comprehensive
database of checks and check writers.
- The check approval
is electronically transferred back to the terminal and an authorization
slip is generated.
- The customer is
given the authorization slip to sign and print their name and note their
telephone number. These items are required for APS to collect funds
from the customer's bank account.
- The customer is
given a copy of the signed authorization slip and their check is given
back, now stamped with "ACH Processed".
- Transaction information
is stored inside the check reader terminal. At the end of the day, this
information is settled to APS Check Advantage.
- Funds are then
transferred to your merchant account fully verified, within days, instead
- The transaction
will appear on your customer's bank statement.
Here are just some
of the benefits our current customers have experienced with APS Electronic
- Time Savings:
fewer trips to the bank, no deposit slips to fill out or lines to wait
in. With APS Check Conversion, funds are electronically deposited.
Lower Risk: With APS Electronic Check Conversion, APS assumes liability.
No longer do you have to worry about NSF funds.
- Lower Costs:
Accept checks at a much lower cost
Electronic check funds are delivered through the same Authorized Clearing
House systems the banks have used for years.
Can you use a risk-free
way to take checks in your business? Contact
us here to find out more about APS Electronic Check Conversion.