Learn how to Verify Your Customers Bank Account Status with Check Verification
Check Verification is an excellent business tool that lets you verify a cheque (ach electronic check). The service utilizes the ATM network to give you real-time verification for merchants that decide if a bank checking account is overdrawn, frozen, closed, in good-standing, existing, and present you real-time status that this account is funded before processing a transaction.
Our Check Verification system will let you reduce and eliminate returned items by verifying if electronic checks (typically known as ACH transactions) are stolen closed or overdrawn accounts or maybe inaccurate ABA routing or account numbers are given.
The service offers you a real time status for routing number verification and account funds verification. The transaction only demands matter of moments to process which enables it to be achieved over the telephone having a customer or your blog during have a look at.
Scrubbing these transactions before you’ll publish them for live processing reduces your processing costs and also price processing transactions which are gonna come return as NSF (not sufficient funds)
Merchants like using this type of service because the device provides sheet of mind knowing your chance of loss on electronic check transactions has long been significantly reduced. Additional benefits include the lowering in operator data entry error.
ACH transactions combined with the check verification now means that you can offer “ACH direct payment” over credit cards and save significantly on processing costs. Taking electronic checks by phone or on the web is less the buying price of accepting credit cards. Get started today.
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