Check services help take the risk out of accepting personal checks from customers. Using check services to validate and guarantee personal checks can cost less than the fees to process credit cards. It also offers an additional payment option to your customers.
The main component of check services is electronic check conversion. Check conversion allows you to get your money in as little as 48 to 72 hours. Consumers must have the funds available immediately to use a personal check. You get monthly statements and online reporting for all check conversion transactions.
It's important to meet with several check service providers before making a final decision. You want to ensure the vendor provides adequate training for you and your staff to properly use the check service technology.