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Check Services options for Retail Stores

Check guarantee (Select Check): Key in your customers driver's license number in your terminal to guarantee payment of his check. You will be reimbursed in 3 days if the qualified check bounces after you submit it for payment.

Benefits of Select Check:
 

  • Fast Reimbursements (3 days)
  • Stop payment Coverage available
  • 1 day grace period between check and authorization date (just in case you forget to get authorization)
  • No charge for declines
  • High guarantee limits ($1000 per check for most retail, $3,000 per check for Furniture, Computers, and Auto related. Much higher limits for New vehicle merchants, up to $20,000 or more, if requested.)
  • Low discount rates: 1.25% for Furniture, Computers, and Auto related; most other business are 1.65%

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Check Authorization by NDC The best LOW COST authorization system in the country. Just use the routing and checking account number found on the check itself for an authorization. Your cost is just 8 cents per check! Any returned check will be forwarded to our collections department and you will receive 100% of the check amount upon collection of funds from the bad check writer if you send the check to our collections department within 30 days. Since the bad check writer will be put on the "black" list until he pays, he has a good reason to pay.

Benefits of Authorization

  • Very quick and easy when used with a check reader
  • No discount fee charged to Merchant (just a flat 8 cents per check!)
  • 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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Electronic Check Truncation (Universal Total Check) Virtually eliminates check handling by converting the paper check into an electronic transaction, right at the point of sale!

Responding to the needs of retail merchants for reduced cost and risk associated with check acceptance, Universal Payment Processing has developed Universal Total Check, a proprietary technology allowing our merchants the ability to convert paper checks at the point-of-sale to an electronic payment and realize a significant savings over traditional paper check processing.

The process is simple: just scan the check using our check reader connected to your credit card terminal capturing the data from the MICR line at the bottom of the check and the paper check is converted to an electronic item! The funds are automatically deducted from your customers checking account and deposited into your business account. The benefits are lower costs, greater efficiency, and eliminates the need for physical bank deposits of checks!

Benefits of Universal Total Check

Safety

  • Eliminates the threat of lost or stolen checks during deposit preparation.
  • Minimize check losses with "repeat offender" check.
  • Captures funds electronically from your customer's checking account.
  • Choose which checks to guarantee through our system.

Speed

  • Check is converted into an electronic transaction in 8 to 10 seconds.
  • Eliminates check deposit preparation - saves you time!
  • No need to go to the bank to make check deposits.

Simplicity

  • Works in conjunction with your credit card terminal.
  • Just feed the check through the check reader.

Savings

  • Processing a check electronically reduces your costs per check significantly
  • Reduced bank fees - no more daily check deposits!
  • All this for just 35 cents per check; $10 monthly fee
  • You decide which checks to guarantee on the fly!

Sign Me Up!


So, get started today and start accepting checks. Just complete our no obligation Merchant Application Worksheet for more details.

 


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