Automotive Payment Solution

CrossCheck’s Automotive Payment Solution is a comprehensive, all-in-one suite of check guarantee services designed specifically for auto dealerships. This package includes three essential and integrated services that work together: Remote Deposit Capture (RDC), Multiple Check, and Check on Delivery. These services are offered as a comprehensive package, providing a complete, seamless solution for all your payment processing needs.

How Does it Work?

The Automotive Payment Solution uses Remote Deposit Capture (RDC) to process and automatically deposit guaranteed checks into dealership accounts. At the dealership, paper checks are scanned and transmitted to CrossCheck via desktop or mobile applications. Dealerships enter additional consumer and purchase information as needed, and funds are deposited into their business accounts within 48–72 hours.

Who Uses it?

This package is widely used by new and used car dealerships, as well as businesses with similar needs (e.g., power sports and heavy equipment dealers).

What Are the Benefits?

The Automotive Payment Solution helps auto dealerships increase sales and mitigate risk while saving time and money by offering a seamless payment process that eliminates the need for separate services or extra steps, including:

• A wider acceptance of checks and fewer administrative returns.
• 24/7 processing, transaction reporting, and tech support.
• Elimination of returned check claims and funding delays.
• Green-friendly, paperless recordkeeping and processing.
• Loaner equipment available at no additional charge.

This package includes the Multiple Check and Check on Delivery services, which further enhance its value.

Multiple Check enables dealerships to complete more sales by allowing customers to write up to four checks for one sale or down payment. These checks are deposited over a set period (usually 30 days) on dates agreed upon by the customer. CrossCheck guarantees payment as each check is deposited into the dealership’s account.

Check on Delivery (COD) offers flexibility and security by allowing dealerships to pre-approve checks over the phone, even without having the check in hand. This service is ideal for auto parts deliveries, as payments are guaranteed before the delivery occurs. The parts department receives an authorization number after entering the estimated sale amount and the customer’s phone number into CrossCheck’s online portal. Drivers then deliver the order, collect the check payment, and the dealership processes it through CrossCheck’s portal for guaranteed payment.