Tired of making daily trips to the bank to deposit check payments? Looking for a way to instantly verify funds in a customer’s account and eliminate fraudulent payments?
Elite Payment Processing has the answer. Along with our partners at Telecheck, we offer electronic check services that allow you to accept consumer check payments with no worries.
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TeleCheck® Electronic Check Acceptance® and Guarantee Service.
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The TeleCheck Electronic Check Acceptance and Guarantee Service converts paper checks into electronic payments at the point of sale and delivers funds directly to your bank account. This new digital process improves your cash flow. Once the check is approved, it’s TeleCheck’s responsibility! No returned checks, deposit fees, warranty claims or hassles. Just like with credit cards, the service ensures quick funds settlement.
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This new service will literally change the way you think about checks now and in the future. This service not only delivers a streamlined check acceptance process, but also eliminates returned checks, returned check fees and warranty claims, while reducing check fees and trips to the bank. It also means reduced paperwork and improved cash flow through faster closing/balancing and settlement.
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ECA Converts Paper Checks Into Electronic Funds
Designed to mirror the process currently used for credit cards, the ECA service converts paper checks into electronic funds at the point of sale and automatically deposits these funds into your bank account utilizing the TeleCheck EclipseTM payment terminal, a specialized terminal that processes checks, credit cards, and debit cards all-in-one.
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Take Advantage of a Simple Process
The process is simple. After the check writer presents the check, the clerk authorizes it through TeleCheck and gives the check writer a printed receipt for signature. This signature allows TeleCheck to electronically present the transaction to the check writer’s bank for settlement and that money is automatically deposited in your account. And, because the electronic transaction is TeleCheck’s responsibility, if it fails to clear the check writer’s account, you’ll never see a returned check or returned check fees. The bad check or transaction is TeleCheck’s responsibility.
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Checks - A Hassle-Free Payment Option
In every way, the ECA service is a process that will make it safer, faster and easier to accept checks and will make checks a more viable payment option for both you and your customers. TeleCheck’s extensive research shows that once your customers understand Electronic Check Acceptance, they realize it is a safe and secure process backed by TeleCheck.
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TeleCheck: The Check Experts
The TeleCheck Electronic Check Acceptance service is the latest in a long line of steps TeleCheck has taken to guarantee that your customers’ affinity for checks can be accommodated with an efficient and effective check acceptance process. And it proves once again why TeleCheck can truly proclaim to be The Check Experts.
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Below are just some of the benefits you’ll enjoy with Telecheck’s (ECA) Electronic Check Acceptance service:
Help Your Business
- Make fewer trips to the bank!
- Reduce bank fees and processing costs!
- Improve cash flow and operational efficiencies!
- Streamline back office operations!
- Reduce the risk of lost, stolen or damaged checks!
- Protect your customer’s personal information!
Help Your Customers
- Reduce the likelihood of identity theft!
- Manage record keeping and easily balance their checking account!
- Select the payment that they prefer to use!
At Elite Payment Processing, we believe flexibility is a critical factor in establishing long-term, repeat customers and boosting your bottom line. We specialize in state-of-the-art processing systems that allow you to accept multiple methods of payment without a worry. Contact us today to learn more about how electronic check acceptance can help speed up your cash flow, improve the shopping experience for your customers, and minimize risk for your business.
