CrossCheck Blog

When it comes to check processing, merchants often face the frustrating issue of declined checks. This can lead to lost sales and decreased profits. Smooth and efficient transactions are vital to a thriving business and choosing a check processing company that is willing to assume more risk by approving and guaranteeing more check can be the difference between a large sale and no sale.

Merchants across many industries – auto dealers, building materials vendors, dentists, veterinarians, and many more – need efficient and secure payment processing solutions. While credit cards dominate, checks remain a popular payment method for many customers. But managing checks without a payment processing solution can be a hassle, leading to delays, errors, and potential fraud. This is where partnering with a check processing company like CrossCheck becomes a game-changer.

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.

With our customers’ success in mind CrossCheck has created payment processing solutions that will appeal to all building materials vendors, especially as construction is slowing down compared to recent years and each transaction becomes more important.

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.

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.

Much has been made of the inventory crunch in both the new- and used-car markets. The Covid effect has been especially difficult for the auto dealer industry as thousands of new cars are sitting idle, waiting for computer chips that continue to be in extremely low supply. Auto Repair shops are taking note as customers delay buying a new car and instead look to maintain older vehicles.

According to the Association of Equipment Manufacturers (AEM), both sales and rentals of heavy equipment for the construction industry is expected to climb after the new year, even on top of a decent sales increase during 2021. In order for heavy equipment sellers to take advantage of that growth and secure each sale, CrossCheck has developed services that will ensure payment on everything from rentals to the purchase of big-ticket items, with our Multiple Check, Check on Delivery and Check Guarantee.

A recent study by the Federal Consumer Financial Protection Bureau (CFPB) has determined that the issuance of credit cards has declined significantly since the start of the COVID pandemic. According to the study, the success rate of credit card applications dropped from 45 percent in January 2020 – the start of the COVID pandemic – to approximately 30 percent a few months later.