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CrossCheck Blog

Check Processing & Payments Information

Approve a check? Easy as 1-2-3!

Posted by Kris Coughtry | Fri, Jun 01, 2012 @ 10:00 AM

Yes to checksOne of the benefits of having a check guarantee or verification service in place is getting approval and authorization on the check before you accept it for payment.  Check approval can bring peace of mind and helps you accept checks from a broad base of customers, even customers from out-of-town or out-of-state.

With a service in place, check approval should be fast and easy taking just seconds.  When choosing a check guarantee provider, make sure they provide a variety of approval methods so you can choose the one that works best for your business. Training and 24/7 customer service should be available, too, at no additional charge. 

Having a fast and easy-to-use check approval system in place can increase sales while reducing the risk of bad checks. With a traditional check guarantee service, these methods can help you to get the thumbs up on check payments:

By Phone - Phone authorization through an automated system will take just seconds and can be a good solution for businesses that don't take a high volume of checks.  Use a toll-free number, enter in check writer and payment information and in moments you'll receive the approval number.

By Terminal - Many credit card terminals can be programmed for use with your check service, too, saving money and reducing extra pieces of equipment at the register.  Don't have a credit card terminal?  Some check service providers will loan equipment at no additional charge.

By Internet - A new, convenient way to approve checks is by going online to your check provider's website. After entering in the required check information, the website will indicate your approval number.

Check writer information required for approval may vary depending on your guarantee provider but generally includes: check writer ID number, check number and check amount.  Checks should be imprinted with name, address and phone number and include a signature and merchant number, too.  Note the approval number on the check along with any additional information requested by your provider and check your service agreement for any special requirements.

Even as new payment methods come into play, checks remain an important and comfortable way to pay for many customers.  Find the approval system and check guarantee service that works best for your business and say "Yes" to checks and "Yes" to more sales.

Interested in loaner equipment? Contact CrossCheck for more information on our loaner equipment program.

 

Written by Kris Coughtry