The
most popular payment method for online transactions
presently is Credit Cards even though this system has inherent
problems of security and fraud. However, approximately 80
million US consumers do not even possess a credit card, which
means that online businesses lose millions of dollars in lost
sales every year because quite simply, they are unable to do
business with this huge section of the consumer marketplace. In
the US, the preferred non cash payment method is still the
Check, demonstrating that people prefer to pay by check over
credit and debit cards.
Up to now, the problem has been that online businesses have had
no real alternative to offer the consumer, as credit card
payment has always been considered to be the norm and simplest
solution. CheckSavers is redefining all of the rules.
Why
CheckSavers makes perfect sense for merchants..
More customers, more
sales. Anyone who has any kind
of bank account in the USA can use CheckSavers to make
payment.
CheckSavers accesses
15% more consumer accounts and up to 80% more business
accounts than any other check processing model – meaning access to a
greater client base.
Government
agencies have already signed up to this service -
endorsing the validity of this product.
This is NOT another ACH
Solution
Fast Settlement times, usually
0-1 days.
Low rates
No Chargebacks
Full reporting gateway
– English (with Spanish coming soon).
Returns are only
possible for insufficient funds (NSF) or fraud.
Merchants can forecast
operating costs of their business.
Accounting modules
provided in gateway
No reserve or security
required on 99.9% of accounts.
CheckSavers processes highly
favor the merchant, and significantly reduces overhead.
CheckSavers provides images of all
returned items independent of the Merchant's bank.
Any return for NSF not
settled by the account holder within 30 days immediately
attracts up to
3x the value of transaction, and becomes immediately
collectable.
