How to Avoid Check Fraud and Bounced Checks When Accepting Checks For Your Business

Check fraud and bounced checks are the mostreader (Just reads Routing and Account number of
prevalent concern to any business that accepts orCheck) or Check Imager (Takes a photo of entire
would like to accept checks from their clients andcheck, more secure)
customers. However, Check Fraud and Bounced- You will then have the customer sign a receipt
Checks are at its highest and still increasing. But Now(which will include a space for the name to be printed
your business doesn't have to be at risk any longer.and phone number).
I'll explain how.- The money is then electronically transferred into the
Now, there are systems out there that will verify,businesses checking account within 48 hours.
guarantee, and convert checks into an electronic- If the check comes back Not Sufficient Funds (NSF),
deposit straight into you business checking account.it will re-deposit the check electronically up to three (3)
Much like a Debit Card. You will no longer have totimes.
worry if the check is fraudulent or has insufficient- If the check is still NSF, someone will contact you
funds. That way you can focus on running yourrequesting to see a copy of the signed receipt
business rather than going through the hassle of- So long as the receipt is filled out correctly (name,
dealing with your bank and collection agencies. Anothersignature & phone #) then the merchant will never be
words.. PEACE OF MIND!debited for the NSF because it is guaranteed.
This also enables you to give your customers and- Overall if you want to increase revenue, have peace
clients more payment options, hence increasing yourof mind when accepting checks, Consider a check
revenue.verification, guarantee, and conversion system.
How it works:Note: Most Check systems are compatible with your
- You will take the check and run it through a CheckCredit Card Machine.