Despite the incredible reliance consumers have on credit cards, a business still must be prepared to accept checks for payment, as well. The check guarantee programs available from acceptcardsfast.com make it easy for merchants, and can even protect them against losses due to bad checks.
In most cases, merchants will be able to accept and process checks in a manner quite similar to a credit card transaction. Often, the program will do what is called a "conversion," right at the point of sale, where the check will be scanned or keyed into the payment system. The paper check is then handed back to the customer.

Check Guarantee Provides Payment Security For Merchants

Many check guarantee services and conversion programs are restricted to face-to-face transactions at the point of sale, since there are other methods that merchants have for processing checks received in the mail. The merchant will swipe the check through a check reader then input the customer's driver's license number and the amount of the sale. When the transaction is approved, a duplicate receipt will print, and the consumer completes the receipt.
The process is finished when the check is stamped "ACH  (Automated Clearing House) Processed" and is handed back to the consumer along with the completed receipt. The processing company will fund merchants on these transactions in 48-72 hours, similar to a credit card, while the consumer might still experience a "2-day float." And, as long as proper procedures are followed, the merchant will typically not be charged back for any returned checks.
Merchant responsibilities and benefits
The receipt must have consumer's signature, printed name and phone number, and the check must be from a consumer's personal checking account. The driver's license number must be entered directly into the terminal, and the merchant must "batch out" daily and provide a copy of each receipt within 48 hours of the processing company requesting it.
By following all the procedures, merchants can expect some real, measurable benefits from a check guarantee program. You can increase sales by accepting all types of checks, including out of state checks, while also eliminating bad checks with the clearance process. As a business owner you will appreciate having faster availability of funds, and will also save money on NSF and deposit fees from your local bank. The days of sorting and depositing paper checks are over in this scenario, and the check guarantee process is just about a "no-brainer" as it mirrors a credit card transaction almost perfectly.
Bottom line: No bad check files bulging with worthless paper, and detailed online reports available for all transactions, just like a credit card statement. There is no reason not to set up a check guarantee program to add total "funds functionality" to your business.