CrossCheck Blog

The Southeast Acquirers Association (SEAA) conference in New Orleans was a whirlwind of insights and discussions. A major talking point? Surcharging and the potential impact on both merchants and consumers. There are sure to be many more discussions during the Midwest Acquirers Association (MWAA) happening now in Chicago and CrossCheck’s own VP of Partner and ISO Relations Travis Powers will be on hand to answer questions and offer solutions to take to your merchant clients.

Is the construction industry headed for a slowdown? Don't let wobbly markets and high interest rates throw a wrench in your cash flow! Here's a breakdown of what contractors and building material suppliers can expect for the rest of 2024, plus smart tips to ensure you get paid on time - no matter what the economy throws your way.

Let's face it, credit card fees can eat into your veterinary practice's profits. Between interchange fees, assessments, and potential chargebacks, those swipes can add up quickly. But what if there was a way to offer your clients flexibility while keeping your bottom line healthy? Enter the humble check.

For auto dealers, one crucial aspect often raises concerns – accepting checks for down payments. To ensure a sale, you want to provide customers with flexible payment options. This is where CrossCheck's Auto Industry RDC Solution (C.A.R.S.) program comes into play. C.A.R.S. is a suite of check guarantee solutions, which allows auto dealerships to accept checks for down payments without the risk of not getting paid. It includes RDC (Remote Deposit Capture) and Multiple Check, which lets the customer write up to four checks to be deposited at agreed upon intervals. Also included is Check on Delivery, which is especially valuable to the service department as dealerships can pre-approve payment of delivered parts orders.

Nurturing loyal customers and maximizing repeat business is crucial for long-term success. One effective strategy for acheiving this is with ACH payments and CrossCheck's ACH Pay-by-Link solution is the perfect option for merchants. Whether you own an auto repair business, a veterinary clinic, a wholesale building supply yard, or almost anything in-between, repeat business is your bread and butter. A car will always need work, a contractor always needs building supplies, and a pet always needs checkups, flea and tick medications, shots, etc. Inherent in all these businesses is trust, familiarity and convenience; in other words, once customers feel these comfortable feelings, they will usually return to the same merchant for years. With CrossCheck's ACH Pay-by-Link service, all measurable qualities required for repeat business are checked off.

There are inherent risks associated with accepting a check for goods or services, which is where check guarantee services come in. However, not all check guarantee services are created equal when it comes to risk aversion and often will decline a check - particularly for large-ticket items - as the risk increases with the dollar volume.

Verify and guarantee a check instantly with CrossCheck! CrossCheck has developed a model for cost-effective and fast Check Verification and Check Guarantee that has attracted and made clients of the largest auto-dealer chain in the country, as well as some of the nation's largest veterinary chains, restaurant supply chains and natural gas delivery services. Our Check Verification and Check Guarantee services are an ideal option for all purveyors of goods and services, and especially for any business that operates on tight margins - which these days includes anything from auto dealers to grocery stores - where credit card fees will quickly turn cost prohibitive.

People love their pets and as they age they require more frequent and consistent visits to the veterinarian to ensure their ongoing health and well-being. With that in mind, CrossCheck's ACH Pay-by-Link with guarantee is the best choice for veterinarians as it offers a simple, quick and easy payment solution. Tokenization also means the pet parent will not have to enter any information after the first visit, which will naturally speed up and simplify future payments for both merchant and customer.

CrossCheck's ACH Pay-by-Link with Guarantee is the convenient payment solution for any business. Frictionless payments via email or text will also enable merchants to set up payments with tokenization, meaning customers only have to enter their information once. With credit card fees at high rates, checking accounts are still often the preferred method of payment, and our ACH Pay-by-Link is a superior, easy way to save customers from credit card interest rates, and save the merchant from high credit card fees. Once customers get the ACH Pay-by-Link as a text or email, they can enter their info on a phone or tablet and CrossCheck will handle the rest.

If you've ever wondered about the difference between check verification and check guarantee services, then imagine this scenario: a customer presents you with a check to pay for goods or services rendered. Whether you’re in the finance department of an auto dealership; a veterinarian caring for a sick dog; or a heavy equipment dealer receiving payment from a contractor building a new apartment complex, the payment you receive is crucial to the continued success of your business. You inherently trust the person giving you the check but you’d like to know – to whatever extent possible – that the funds will reach your bank account without any trouble. Trust…but verify, which is the very reason that check verification and check guarantee services exist.