Electronic Check Service

Credomatic, a leading provider in the check services industry, offers solutions that provide thoroughness, speed, and reliability, making it easy for merchants to accept checks with confidence.

payroll-servicesTraditional Guarantee
Check Guarantee is the most commonly used check service allowing the merchant to ensure the face value of the check and protect the merchant against returned checks. Merchants obtain electronic approval or voice authorization for the transaction and then deposit the checks. Checks that do not clear can be submitted to Credomatic for reimbursement. This reimbursement typically takes 2-4 weeks from the time of receipt of the original item, and is processed electronically via ACH.

Check Verification
Verification allows merchants to access the Credomatic Negative Database to verify negative information regarding a particular check or check-writer. The merchant is simply accessing information to aid in the decision to accept or decline a check. Credomatic provides confirmation based on whether or not there is a positive match on the checking account number or home telephone number of the check-writer in the negative database. The decision to accept any check remains solely up to the merchant.

Check Conversion & Guarantee
Check conversion allows merchants to convert paper checks into electronic deposits within 48 hours (two business days) while ensuring the face value of the check. This service allows merchants to accept checks as safely and conveniently as credit cards.

Electronic Check Processing Benefits

  • Free Equipment
  • Never accept a bad check again
  • No more time consuming trips to the bank
  • No more bank fees
  • Guaranteed funding on all approved checks
  • Protection against stop payment disputes
  • Accept checks online
  • Maximize every potential sales opportunity
  • No charge for customer service calls
  • 24/7 customer service

Paper Check Guarantee

  • Check approval on the spot
  • Never deal with a returned check ever again
  • No stop payment