Competitively priced
transaction and discount rates to save you money
NO charges for declines.
Fraud scrubbing (includes Star ATM, negative check writers database, check current open status of account, check positive balance) -
From
$0.15 – this is priced at cost and therefore is not negotiable.
This service is optional.
Returns typically cost $15.00,
made up of:
- Bank's direct cost (not CheckSavers).
- CheckSavers processing fee of $3.00.
Check Savers offers a FREE collection service – paying 75%
or more of the face value of the check to merchant upon
collection.
Transaction payment guarantee is available – these are charged at a discount rate to be determined on a case by case basis.
See next column.
CheckSavers debits
merchant’s account for acquiring charges 48 hours after
initial
presentation of transaction.
Refunds cost are low. The
CheckSavers refund mechanism
is robust and can also be used as a
bill pay tool.
Payment Guarantee
CheckSavers now provides a payment guarantee service.
For a
small additional fee, we can guarantee that you will
get your money.
This
service will check your client's bank account to assess
if the person is a known bad check writer. If the system
reveals your client has a history of writing bad checks,
then we won't even allow you to take payment from them,
so that you don get stuck with a bad payment.
As
long as we reveal the check writer to have no bad
history, we will underwrite that check, and then no
matter what happens, you will get your money.
This
means, even if there is NO money in their account, you
STILL get paid. And what's more, you don't have to do
anything to get this money.
We
have found that taking the pain away from unscrupulous
clients making chargebacks or writing bad checks is what our
clients wanted, and so we are proud to bring you this
very effective and valuable service.
CheckSavers eCheck payment account is easy to apply for with no application fees.
