Multiple Check

What is Multiple Check?

Multiple Check is a premium service that allows merchants to accept check payments from consumers for a down payment or a single purchase of a big-ticket item. Consumers take home their items on the purchase date while merchants receive guaranteed payment on approved checks.

Processing can be manual (i.e. merchants deposit their own checks) or electronic (i.e. CrossCheck handles the bank deposits) depending on the type of service that merchants have in place with CrossCheck.

Multiple Check is easy to use.

Consumers write up to four checks, all with the same purchase date. Merchants deposit the approved checks over a specific window (usually 30 days) on dates selected by consumers, then receive guaranteed payment from CrossCheck as each check is deposited.

Why is Multiple Check better for merchants?

Multiple Check helps merchants reduce risk and increase sales while saving time and money. It also helps close deals that otherwise might not happen because it gives consumers additional time to replenish their checking accounts.

Why is Multiple Check better for consumers?

For starters, Multiple Check is not financing. Advantages include:

• No credit checks or minimal FICO scores
• No loan applications, though a buyer does need identification such as a driver’s license
• No proof of employment
• No repayment plans
• No origination fees or any other hidden fees
• No interest rates
• No waiting period to complete transactions

Multiple Check may be added to Standard Check Guarantee or Remote Deposit Capture, and is a component of the C.A.R.S. program.