Business Financial Services

Services:

Accounting

Credit Card Processing

Electronic Check Conversion

Check conversion is a method by which businesses can protect themselves for losses incurred by bounced checks by completing each transaction electronically on the spot.

Electronic machines can be used to read the account information on a personal check to determine whether the customer has sufficient funds to complete the purchase. Once verification is complete, the customer may sign a printed receipt, and the money is deducted automatically from his or her account.

The transaction is run through the ACH (Automated Clearing House) system, which is a central hub for handling credit and debit transactions throughout the globe. This eliminates the time delays associated with standard check clearing, allowing the merchant to receive their money more quickly.

Electronic check conversion systems are compatible with most POS terminals, and are known for their impressive level of speed and security. Buying one for your business will likely reduce your bank fees and credit card processing expenses.