We offer companies with a very simple solution for them to accept checks by phone from virtually anywhere. We do this by providing a Virtual Terminal (web-based software) for you to securely log onto and manually key in your customers’ checking account number and routing number and hit submit. Within 24 to 48 hours the check will clear and you can then ship the product or offer your services. Our solution is designed for telemarketing companies or other phone based businesses, Mail Order businesses, membership services and companies that offer recurring billing, and much more.
Our solution is also great for companies who simply want to use it for direct deposit purposes such as paying contractors or paying your employees. Once you initiate a direct deposit transaction, the money is literally transferred to the issuing account within 24 hours. Merchant have the ability to credit or debit checking and savings accounts.
Merchant can have a check fax to them to process or just simply collect the information from the customer over the phone. There is no need to go to the bank to deposit the check because that is the old way of doing things. And besides, when you deposit checks at the local bank, it takes several days before the check clears, thus keeping your customers waiting a longer period of time before delivery of products or services. With our solution, the checks will clear a lot faster than a bank would; it clears within 24 to 48 hours.
There are other added services we offer for a small additional per transaction fee such as verifying that an account has sufficient funds or whether the account actually exists at all. Verification is done in seconds and the status of a particular checking or savings account is made known to you.
Accepting checks over the phone makes your life a lot easier by eliminating all the running around that is associated with local bank deposit. There are many insurance companies that utilize our services because this is a better payment technique as you are not always dealing with the customers face-to-face. Think about this, if you are a collection agency, you need to collect money from people in different States in the US and you also need that check to clear as fast as possible. What you don’t want to do is have these people send you a physical check (even though you can still key in the information and have the checks process) but ideally, you just want to collection their information over the phone and process the check right away to save time because you need that check to clear fast.
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