Check Services - Secur-Chex

Secur-Chex Check Guarantee

Think of check guarantee as check insurance. To be perfectly honest, most of our clients have no interest in a check guarantee service - until they get stuck with their first uncollectible bounced check.

Credit Card Processing Services, representing nationally respected Secur-Chex offers a very reasonable check guarantee program designed especially to protect the small merchant who can least afford to be hit with an unexpected loss. This program is known as a traditional check guarantee service used by hundreds of thousands of merchants nationwide for many years. It is important for retailers to offer checks as a payment option because in many cases this is the preferred payment method by the customer and they simply may not own a credit card or be carrying around the disposable cash to make a purchase from you. In today's economy you never want to allow a prospective buyer to walk away empty handed.

Here is how our Check Guarantee program works:

When you receive a personal check from a customer, simply key a few simple pieces of information into your existing credit card terminal (which we will program for you over the phone) such as the dollar amount, checking account number, driver's license number, state code and date of birth. The terminal will dial out and come back with either an approval code or a decline. If you get an approval and then the check bounces, simply send the check into Secur-Chex and you are promptly reimbursed in full for the bounced check. The generous per check limit is normally $1,000.00.

If you would like to use a standalone automatic check reader we recommend the Check Manager 3000 which we sell for only $299.00. This time saving device will automatically read the magnetic ink on the check to cut down on employee keying errors. It is quick and simple to use.

What it costs:

Discount Rate	1.49%
Per Check	25 Cents
Monthly Statement Fee	None
Minimum Monthly Fee	$25.00
Minimum Per Check	50 Cents
Voice Authorization (If Needed)	75 Cents
One-Time Programming	Waived

Here are some additional options you may want as well:

A La Carte Customized Check Protection

Stop Payment Coverage - 7 Cents

If an approved check has been returned from your bank because of "Stop Payment" Secur-Chex will guarantee payment (Up to $100.00).

Bank Fee Reimburement - 11 Cents

All claims for returned items submitted with the bank notice showing the fee you were charged by your bank will be paid an amount equal to the face amount of the check plus the bank fees.

No Fault Coverage - 5 Cents

In the event a check is submitted for a claim without all required information needed for guarantee the check will still be funded in full.

7 Day Pays Claim - 5 Cents

All claims will be paid within seven days of the receipt of the claim instead of the usual guaranteed 30 day claim pay.

We also have a program available in which you do not have to get an authorization for each check you accept which is less than $100.00. All you have to do is fill out a simple daily floor log which includes three pieces of information: Customer ID (Driver's License Number), State Code, and Amount of Check. Mail this in each day you accept a check and if the check bounces Secur-Chex will pay you back! The cost for this service is only 8 cents in addition to the other costs above. This program is perfect for small merchants including on the road merchants who do not have access to a phone line or an electronic terminal.

For more information or to sign up for the Secur-Chex Check Guarantee Program please complete the "I Want More Info Form", email us at info@ccps.biz or call Kevin direct at 215-489-7878.