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eGold – Electronic Check Conversion with Guarantee
Accept & process checks similar to a credit card transaction!
- Check Guarantee and Conversion program at the Point of Sale
- Face-to-face transaction required
- Check is handed back to consumer
- How would you like to accept and process checks just like your credit cards? You swipe the check and give it back to the consumer and you are funded electronically in a few days – guaranteed!
- How would you like to have your customers checks electronically deposited so you didn’t have to go to the bank?
- Wouldn’t you like to lower your banking fees?
- You can now accept and process checks with the same security as a credit card for a lower cost!
- You can now accept checks and get paid electronically without worrying about bad checks!
Merchant Benefits:
- Increase sales by accepting all types of checks including out of state checks
- Eliminate bad checks
- Faster availability of funds
- Eliminate NSF and deposit fees from local bank
- Eliminate the sorting and depositing of paper checks
- Process is simple to use because it mirrors a credit card transaction
- No paper claims file for bad checks
- Detailed online reporting available
Our Advantages over the competition:
- A higher percentage of checks are approved
- If a check writer’s check is declined the merchant will not be charged the
discount percentage fee on that transaction - Free Customer Service & Tech Support
- Free online reporting of activity
- Patent protection
- All services are in house and not outsourced to other companies
- Programs are NACHA (National Automated Clearing House Association)
compliant - Compatible with almost all terminals and readers
eSilver – Electronic Check Conversion
Convenient and inexpensive option for merchants that don't have a bad check problem but like the benefits of Electronic Check Conversion.
- Non-Guarantee Point of Sale Conversion
- Merchant is not funded on checks that do not clear
Merchant Benefits:
- Increase sales by accepting all types of checks including out of state checks
- Decrease bad checks
- NSF checks are automatically resubmitted electronically 2 additional times
- Eliminate NSF and deposit fees from local banks
- Eliminate the sorting and depositing of paper checks
- Process is simple to use because it mirrors a credit card transaction
- Multiple location merchants can have funds deposited into one account
- Detailed online reporting available
Procedure at point of sale:
- Merchant will swipe check through a check imager or reader and input driver's license number and amount of sale.
- If transaction is approved, a duplicate receipt will print and customer completes receipt.
- The check is stamped "ACH Processed" and check along with the receipt are handed back to the consumer.
- Check Processing Company will fund merchant on transaction in 72 hours.
- Merchant will not be funded on checks that do not clear the ACH network or are returned.
