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CHECK GUARANTEE
EFT Direct offers the most comprehensive check guarantee program
in the country, offered by no other company in the country under the
same umbrella:
- Competitive Rates: We will Meet or Beat any competitor's
rate.
- Payroll & Government Checks: Up to $1,500 per
check. This guarantee covers Stop Payments, Account Closures, and
Forged Checks.
- Guarantee Level: Up to $36,000.00 per check for all personal
and business checks, paper or Electronic Conversion.
- ACH Processing: Using our ACH software, processing directly
through ACH network. Desktop or Internet-based.
- Check-by-Phone, Mail Order, and COD: Using our ACH software,
processing directly through ACH network. Desktop or Internet-based.
- New Auto Dealer Program: All checks are guaranteed "unconditionally"*
against stop payment, at no extra charge, and up to $5,000 per purchase.
Additional coverage may be provided on a case-by-cse basis.
- New Auto Dealer "Payday" Program: Consumers wishing
to purchase a new vehicle or watercraft can split their required down
payment into up to 4 (four) checks with deferred deposit dates in
2-week increments.
- Retail "Payday" Deferred Deposit Program:
For Automotive Sales & Repair, Furniture Stores, Mail order, Computer
sales, Home Imrovement Stores, et al--many even designed to accommodate
short-term "instant credit" funding for emergency,
unbudgeted and business purchases.
- Reduced Declined Checks Rate: Due to our advanced Risk-Management's
technology, as well as daily-updated database, the decline rate on
your customer's transactions increase over our competitors' rates
by as much as 70%. This means more sales and happier customers.
- No Claim Rejections: Due to account closure, stop
payments,forged and stolen checks, or for forgetting to write approval
number, driver's license number, or consumer's phone number on the
check.
- Magnetic Strip Reader Capability: On driver's License
(22 States and more to come).
- Electronic MICR Reader Support: On the following
terminals: Verifone, Magtek, IVI Checkmate/Ingenico.
- Multiple Terminal Support: On the following terminals:
Verifone, Hypercom, Thales, Nurit, IVI Checkmate/Ingenico.
- Integrated Processing: With Electronic and/or paper
checks, credit card, and gift card processing all through one terminal.
- 24/7 Support: For technical, consumer affairs,
voice authorization, and operator call center support.
- Technical Support: 24/7, and providing database
and system mirroring to ensure network redundancy across all operating
platforms.
- eCommerce: We offer the most aggressive and advanced
Online Check Verification, Check Guarantee,
and Electronic Check Conversion in the
country. You will only need to download our software and start accepting
checks on the Internet or through your PC desktop in just a few minutes.
- Expert Advice: Once we determine your needs, we
will recommend the best option accordingly.
- Simplicity: The program can be operational within
days.
- Processing Time: For Electronic Check Conversion, funds are
guaranteed and available within two business days. For paper-based
transactions, NSF checks are paid within 14 business days only.
All major check guarantee companies reimburse within 30 to 45 days.
* Unless if the car was returned
or the deal is an unwind due to lack of financing.
Additional Features:
- Stop Payment Premiums are guaranteed against stop
payment at no extra charge. You will receive 100% of the face
value of the check minus guarantee fees within 14 days from the receipt
of checks by us.
- COD Protection Premium: Customers checks are guaranteed
before shipping COD.
- Multiple Check Premium: Break down the sale a customer
cannot afford into up to four payments and deposit the checks over
a 90-day period. No longer will you lose a sale because the customers
don't have all the funds available at the time of the sale.
- Hotel Cash Back: Cash Checks for your hotel guests,
up to $50 per day.
- Partial Payment Premium: Offer combination payments.
- Rental Payment Premium: Offer the rental customers
the ability to pay by check. Approve the transaction with their check,
just like a credit card. Do not lose customers because they don't
have a credit card. 50% of people still don't have a credit card.
- Plus Sales Premium: We approve those checks that
are declined by your existing check guarantee company.
- Phone and Fax Orders
- And More...
Contact Us today for a free evaluation or information.
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