Why Should I Accept Checks?
Customers want payment options — and today’s competitive business does everything it can to meet customer demand.
But Can I Afford the Risks and Costs?
Paper checks do open a merchant up to a higher risk of fraud. They are time consuming to process — they need to be verified, reconciled, and taken to a bank for deposit. In addition to waiting several days for funds, merchants pay various fees to their banks for processing.
That’s why the smart merchant uses TeleCheck.
What’s TeleCheck?
Telecheck is an electronic check-processing service that provides instant funds verification, faster deposit, and an alternative to expensive check processing costs and fees. TeleCheck verification protects you from fraud by screening information from hundreds of thousands of businesses and financial institutions, minimizing the risks associated with check acceptance.
Say Yes to Checks With Confidence
When a customer gives you a paper check, TeleCheck uses leading risk assessment to evaluate the risk of accepting a check. If the check meets the verification requirements, TeleCheck converts the paper check into an electronic transaction at the point-of-sale (you give the paper check back to the customer). The network processes the transaction and funds are deposited into your bank account in just two business days.
First Data™ FD200 Terminal
Optional wireless (WiFi) capability! The First Data FD200 terminal is an all-in-one point-of-sale solution that supports the TeleCheck Electronic Check Acceptance (ECA) service.
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