Why Accepting Checks (With Check Guarantee) Is a Smart Business Strategy in 2025

In a world of digital payments, mobile wallets, and contactless transactions, many businesses assume that checks are outdated—but that couldn’t be further from the truth. While credit cards and digital payments dominate headlines, checks remain a crucial part of business transactions, especially for industries that rely on high-dollar purchases and cost-effective payment processing.

According to the 2022 Federal Reserve Payments Study (most recent study), checks accounted for $26 trillion in processed payments. While check usage has declined over time, it remains a key payment method for businesses looking to reduce costs, improve cash flow, and offer customers flexible payment options. Accepting checks—especially with a check guarantee service—can be a smart financial decision in 2025 and beyond.

The Real Cost of Credit Card Payments 

One of the biggest reasons businesses continue accepting checks is the rising cost of credit card processing fees. Most businesses pay anywhere from 2.5% to 4% per transaction, which adds up quickly—especially for high-value transactions. 

For example: 

• A $10,000 transaction could cost a business $250 to $400 in credit card fees. 
• If that same business processes $1 million annually in card transactions, they could lose $25,000 to $40,000 just in processing fees. 

By accepting checks—especially with a check guarantee service that eliminates risk—businesses can reduce overhead costs while still offering customers a secure, flexible payment option. 

Checks Provide a Secure, High-Value Payment Option 

Many industries still rely on checks for large transactions, especially in automotive sales, home improvement, auto repair, furniture, and B2B transactions. Businesses and consumers trust checks because they: 

• Allow for higher transaction limits than credit cards 
• Help businesses avoid chargebacks and card fraud 
• Reduce reliance on financing and high-interest loans 
• Offer a familiar and trusted payment method 

With check guarantee, businesses can accept checks with confidence, knowing they’ll receive payment even if a check is returned due to insufficient funds, stop payment orders, or account closures. 

Check Guarantee Eliminates Risk and Speeds Up Deposits 

One hesitation some businesses have about accepting checks is the risk of bounced payments. That’s where check guarantee comes in. With this service, businesses can: 

• Get paid, even if a check is returned due to NSF (non-sufficient funds) or other issues 
• Approve checks instantly at the point of sale using phone, terminal, or online verification 
• Process checks electronically with Remote Deposit Capture (RDC) for faster access to funds 

By eliminating financial risk, businesses can expand payment options without worrying about revenue loss. 

Why Now is the Time to Rethink Your Payment Strategy 

As businesses navigate higher processing costs, changing consumer preferences, and evolving payment technology, it’s important to offer multiple payment options that keep customers happy and protect your bottom line. 

Accepting checks—especially with a trusted check guarantee provider like CrossCheck—ensures you can: 

• Lower payment processing costs and keep more of your profits 
• Provide customers with a trusted, flexible payment method 
• Protect your business from financial losses due to returned checks 

Ready to make check acceptance a risk-free part of your business strategy?

Contact CrossCheck today to learn how check guarantee can help you increase sales, reduce costs, and eliminate check fraud risks in 2025.