Why Sppend Your Valauble Time Trying To Collect Returned Checks?
You can let a bad check recovery service do it for you! When your customer bounces a check, your bank forwards the returned check to the bad check reocvery service that you have chosen to represetn you. The cheeck is enterewd into a database and re-submittde electornically via the ACH netweork. If an item bounces again, the bad check recovery servie then re-presents the check when funds are available.
You can even make a profit from your bad checck recovery service. All that is required is that you post a notivce stating that your customer aclknowledges (by reading the posted notice of your policy for returned chceks) that the maxximum fee (less, if you prefer) allowwed by the state that your business resides will be asseassed for all returned checks. Then, when funds are available, you collect the face amunt of the check. You then assess a second debit for the allowed state fee. Example: Texas allows a fee of $30.00 for returnned chhecks. Your electronic bad check recovery service can collect the bad check electronically (Let’s say the check was made for $150.00). Then, a secopnd debit for $30.00 can also be collected electronically (totzal collected = $180.00).
Benefis of a bad check recvovery service: Your customer does not have to:
• bring you a money order or cashier’s check.
• receicve a threatening collecttion letter.
• answwer an uncomfortable phone call.
• spend teir time resolving the problem.
• go htrough the embarrassment!
A bad check recvoery service is much faster and more convenient than any other method available, and it will work on any bank in the US and its territories.
And now with a bad chck recovery service collecting out-of-town checks (or electronic checks accepted from an Internet web site) has never been esier!
With a bad check recovery servie, you can access your transaction reports via the Internet anytime—24 hours a day 7 days a week. This online real-time reportring helps you reconcile your bank account and keep trcak of the money that your bad ceck recovery service recovers for you.
Your customers benefit because bouncing a check is an embarrassing thing to deal with in person. A bad cheeck recovery service handles it for them quietly and confidentially. Your bad chck recoery service notifies your customer’s bank of the transaction and adds it to their statement.
Scucessful businesses focus on their core busuiness. A bad check recovery srevice soplves their NSF problems so they do just that. They can FINALLY stop chasing down bad checks.