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Check Guarantee Companies Beat Treasury Shutdown Crisis

Posted by Heather Brautman | Thu, Oct 10, 2013 @ 12:00 PM

BouncedCheck1Today, the rubber meets the road. And then it... bounces? United States Treasury Secretary Jack Lew put Congress and the rest of the country on high alert for bouncing.

Bounced checks, that is, due to the country’s government shutdown warning that it will shortly “be unable to guarantee payments to any group.” In briefest terms, people who thought they would be receiving money have no idea whether or not they will be. Ready to have your own version of a mental shutdown about this? Don’t panic.

It may be hard not to panic when you see The Washington Post quoting Lew’s remarks: "If Congress fails to meet its responsibility, it could be deeply damaging to the financial markets, the ongoing economic recovery, and the jobs and savings of millions of Americans.” But realize this – there are companies out there who will guarantee payments, and they’re never going to risk your well being by shutting down.

In one single quote, Lew used the terms: “unprecedented situation,” “erratic flow,” “suffer,” and “there would not even be certainty.” With one single change to your business, you can eliminate all of these things. No suffering, added certainty, a predictable flow of revenue, and a comfortable situation. That change is to investigate check guarantee companies, and how they can benefit you.

Protect your business and even flourish in these anxious times. With a guarantee service in place, you can not only offer additional payment options to your customers, but enjoy security as well. Checks are approved at the point of sale in seconds via terminal, phone, or Internet, and then deposited at your bank. If an approved check is returned from the bank unpaid, it can be submitted to your provider for processing and reimbursement.

Ever feel so confused by everything the shutdown has caused that you’d like to pick up the phone and just speak to someone in Congress? Best of luck with that, but with the best check guarantee company, you’ll always have that option. There’s 24/7 customer service, including holidays and weekends (aka: there is no shutdown!). And you’re covered, even for out-of-town, out-of-state, and checks from Canada or US territories.

Our country is desperately trying to get out of its own debt struggle. But how would you run your company, if your customers acted like Jack Lew foresees the government will: “It is possible to protect our economy by simply paying only the interest on our debts, while stopping or delaying payments on a number of our other legal commitments.” Can you afford for customers to stop or delay their payments (commitments) to your business? We didn’t think so.

Act now and download our free eBook on the entire check guarantee process. Protect your business against the bounce rate today!

Check Guarantee Insider's Guide

Topics: CrossCheck, Check Guarantee

Written by Heather Brautman