Checks

An NSF Check is a check that was returned to the merchant because there was Non-
Sufficient Funds, or not enough money in the check writer’s account to cover the check
at the time that it cleared the merchants Bank. A Hot Check is a check that was
returned for non-sufficient funds, or for one of several other possible reasons, including
the checking account being closed or if the check was fraudulent, forged, or stolen.

Whether you are a Fortune 500 company or a start up business, receiving a Hot Check/NSF Check is a frustrating, costly, and timeconsuming
situation. Besides negatively impacting your bottom line and
hurting
cash flow, dealing with hot checks consumes valuable time
and resources
that could be better spent on growing your business. This
situation can
be so discouraging that many merchants have stopped
accepting checks
altogether. While solving the hot check problem, not
accepting checks
effectively closes the door to a large segment of the buying
public who
will take their business elsewhere if their check is not accepted.

Even when a check clears, there is a hard cost to check acceptance.
They must be verified, reconciled, physically deposited at your bank,
and then processed by the bank, which typically means several days will
pass until the funds are available. Most banks also charge a per item
deposit fee between $0.05-$0.25 per check, and returned check fees to
the merchant between $3.00 – $30.00 per Hot Check-talk about getting hit
twice!

How to handle NSF Checks and Hot Checks

Veritrans Merchant Services, a national leader in electronic payment
processing services, has the answer to your Hot Check or NSF Check
headaches. Since not all businesses are the same or have the same
needs, we can custom design a program that’s right for your business.

We can show you how to help your business:

• Accept more checks with minimal risk
• Minimize or eliminate collections operations
• Make fewer trips to the bank
• Produce bank fees and processing costs
• Improve cash flow
• Streamline back-office operations
• Reduce the risk of lost stolen or damaged checks
• Protect your customers personal information

We can show you how to help your customers:

• Reduce the likelihood of identity theft
• Manage accurate record-keeping and easy balancing with checks
• Select the payment option that they prefer to use

Contact Veritrans today for a free, no obligation consultation of check
acceptance options for your business. Whether you have a storefront, an
online business or need to accept checks at a trade show or on the
road, Veritrans has a solution that will fit your needs.

The buzz in payment solutions is that paper is dead. As a merchant, you know the truth: many of your customers still prefer to pay with checks. If you’re not able to accept checks, you’ll lose their business. The solution? TeleCheck ECA Warranty service, provided through Veritrans.

With TeleCheck solutions, you can continue accepting checks, but with a few key benefits. First, you’ll be protected from fraudulent checks. As the check payment is converted to an electronic transaction at the point-of-sale, the transaction is run through the Automated Clearing House. Your account will be funded within two days, typically—all with no trip to the bank. On top of that, all bounced or fraudulent checks will be handled via the TeleCheck collections system. It’s a solution that cuts your risk while keeping you in the driver’s seat.

TeleCheck Solutions Give Your Customers the Service They Deserve

How else can businesses benefit from TeleCheck solutions? The boost in customer service is another reason to consider this all-in-one check processing service. Customers appreciate the efforts you’re taking to keep their identities safe. They also appreciate that you’re able to cater to their preferred payment method. In a world increasingly run on plastic, this is no small benefit to check writers.

To learn more about how TeleCheck solutions can help you handle check processing easily and seamlessly, talk to us at Veritrans. We’ll help you discover the services that will work best with your business, and consultations are completely free. Give us a call at 1-866-474-4144 or email our team at info@Veritransllc.com to learn more!

NSF checks, or checks with non-sufficient funds, cost you money. First, there’s the processing fee, tack on the merchandise and hours lost, add in collections, and you’ve got a mess on your hands- an expensive mess. Fortunately, there’s an alternative to accepting checks on good faith alone.

With TeleCheck merchant services provided through Veritrans, you can virtually eliminate the risk and hassle of NSF checks. TeleCheck will convert the check into an electronic transaction at the point-of-sale(POS). You’ll be funded within days, regardless of the length of time it takes to process the check. Best of all, they handle the collections process for NSF checks. It’s as easy as possible!

Handling NSF Checks Easily and Affordably

While some vendors have simply stopped accepting checks in response to a few non-sufficient funds notices, that’s not an ideal policy. Many people regularly pay with checks, and denying them the payment option is the same as denying yourself that income. The alternative is to work with TeleCheck and Veritrans. We handle your payment processing, leaving you to focus on your business.

With TeleCheck’s extensive negative credit database, your risk of NSF checks is significantly decreased. If the check isn’t authorized through the ACH, you’re able to handle the problem immediately and invite a workable solution. With merchant services like TeleCheck available through the Veritrans no-contract program, you’re open for business. Learn more by giving our team a call at 1-866-474-4144 or sending us an email at info@Veritransllc.com.

So you have your business started- the shelves are stocked, sales are promising and your merchant account is all set-up for sales. Good to go, right? Your business can accept Visa, MasterCard, other credit cards, even debit cards, but bank checks are a different matter. Checks put you at risk for return for a non-payment of fee plus the monetary penalties that are attached with a returned check quickly add up. Why be vulnerable for NSF or returned checks?

Veritrans can help you eliminate “hot” or NSF checks from your daily bank deposit. With exorbitant NSF fees hitting both check writer and receiver the solution is simply to have as few checks as possible and this is possible with Veritrans Tele-Check check acceptance solution.

Hot Checks are Easily Extinguished

Returned checks are no longer a problem with Veritrans electronic check acceptance and guaranteed electronic deposit service. Additionally, we can provide your business a wide variety of hardware and software solutions for processing matters and any other electronic transactions you may have, over and above just accepting checks.

Your business will be able to be secure while accepting checks through mail-order or telephone order situations, as well. We can show you how to deposit, electronically, both personal and business checks to your company account. Call a Veritrans business specialist at 1-866-474-4144 or contact us online at info@Veritransllc.com and let us walk you through our Quick-Start program and be able to qualify for check acceptance. Don’t let hot checks burn your business again!