CrossCheck’s Check Guarantee service acts as a shield for your business. If a customer issues a stop-payment order through their bank – or if the check is simply returned because of insufficient funds, CrossCheck’s Check Guarantee will step in and make sure you get paid in full, easily and quickly.
Both individuals and businesses issue stop-payment for various reasons. Either way, on larger tickets, the impact to your business can be severe. If you’re a veterinarian and just performed a $5,000 surgery on a dog and the owner stops payment before the check is processed, it will be a significant hit. If you’re a building supply vendor and just delivered a $40,000 shipment of supplies to a sub-contractor but the payment never reaches you because the contractor placed a stop-payment on the check, the financial toll can be devastating.
CrossCheck has a history of willingness to accept the risk of guaranteeing high dollar amounts so you can accept that check without fear or trepidation. Without Check Guarantee, your business would have to rely either on the legal system, which is slow and inefficient, or collections. In-house collections is difficult and often unsuccessful, while hiring a professional collections firm can be costly, with no guarantee in the end.
CrossCheck's Check Guarantee service is a powerful tool to protect your business from the challenges of stop-payment orders. By offering a seamless and secure way to accept checks, this service safeguards your revenue, reduces administrative burdens, and mitigates the risks associated with check payments.
CrossCheck has offered financial services for more than 40 years. Our associates and resources coupled with our vast experience will help relieve any concerns when accepting a check.
Our customer service department is open 24/7/365 and is always available to assist our clients to ensure you get paid for goods and services you provide in good faith. Visit our website for more information on our services and also check out the myriad of industries that trust CrossCheck to protect them from bad checks.