CrossCheck Blog

In the world of B2B commerce, payments are the lifeline of strong partnerships. For businesses like auto parts suppliers, building materials suppliers, veterinary and medical equipment suppliers, office supply dealers, and more, accepting checks remains a cornerstone of business transactions. But with checks come inherent risks, like returned checks for insufficient funds or stop payments. CrossCheck, a leader in payment solutions, offers several tools to secure your transactions and streamline payment processes: Check Guarantee Check on Delivery (COD) Multiple Check

In the competitive world of auto sales, a perfect Customer Satisfaction Index (CSI) score is more than a badge of honor; it’s a crucial measure of success. CSI scores, derived from post-sale customer surveys, reflect the overall buying experience at a dealership. High scores signify excellent service, attracting new buyers and fostering customer loyalty, while low scores can harm both reputation and profitability. A 2024 J.D. Power Customer Service Index study on luxury and mass market brands outlines the most important areas of focus for dealers:

The furniture industry may have cause for optimism as we look ahead to 2025. Recent economic trends and evolving consumer behaviors suggest the potential for increased furniture sales, driven in part by improvements in the housing market. Here’s why:

In the fast-paced world of auto dealerships, the service department often finds itself caught in a challenging web of labor shortages and rising costs. The pressure to maintain profitability while ensuring operations run smoothly is a delicate balancing act. Amid this complexity, there lies an overlooked yet promising avenue for enhancing profitability: payment flexibility through check guarantee services.

Healthcare providers—whether they’re doctors, dentists, or veterinarians—share a deep emotional connection to their work. Picture this: a veterinarian faces the heartbreaking decision to turn away a sick dog because the owner can't afford the upfront costs or doesn't qualify for a credit card. The veterinarian is then left with a choice: either risk providing costly services, like lab tests and x-rays, without assurance of payment or send them elsewhere.

The only thing certain about the current economy is uncertainty. Economists are unsure of the future because, while inflation is stabilizing, unemployment is slowly rising. According to the U.S. Census Bureau for the Bureau of Labor Statistics, as of August 2024, the unemployment rate in the United States stands at 4.3%. That is only a slight increase from 4.1% three months ago but the trajectory points upward. As the Fed readies to lower interest rates following stabilizing inflation, economists are worried we could be headed towards a recession. Economists are by no means unanimous in their predictions but uncertainty abounds.

In the world of dentistry, healthy smiles are a top priority. But for many patients, achieving those smiles can come with a financial hurdle. The cost of dental procedures, especially orthodontics like braces, can strain even the most prepared budgets. As a dentist, you understand this, and offering flexible payment options is key to ensuring your patients get the care they need.

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.

Helping your customers during hard times can be difficult. It becomes even more daunting when the consumer needs to make substantial payments, like those incurred during an unexpected trip to the veterinarian, the auto repair shop, the dentist, or any number of sudden costs, while balancing other financial responsibilities. As a merchant, being able to offer the consumer an option to pay over time, could seal the deal. CrossCheck, a leading provider of payment solutions, offers Multiple Check. CrossCheck's Multiple Check service with Check Guarantee can make life easier for both consumers and businesses, and especially helps if a customer has already maxed out a credit card.