Electronic Check Conversion converts a paper-based check to an electronic transaction at the point-of-sale. The check information is then transmitted via electronic equipment to a national verification database where it is evaluated against negative information. Within seconds a response is sent back to the merchant. A receipt very similar to a credit card transaction is generated and the customer signs it, thereby authorizing the electronic collection of funds to the merchant. The check information is then stored and the transaction deposits are routed to the merchant’s account within 48 to 72 hours.
Merchant Benefits
Convenience is important to everyone, not to mention our merchants. Electronic Check Conversion gives the merchant just that - only it’s convenience with a guarantee. This check conversion process not only processes the check electronically allowing the merchant to forego trips to the bank, but it also guarantees the approved transactions. With this program the merchant simply accepts the checks and the check conversion program does the rest! Merchant's can now accept & process checks just like they accept & process credit cards.
Additional Options
This program not only offers electronic check conversion, on-line transaction viewing and customized detailed reporting are also offered. With the reporting feature merchants are able to track all of their transactions through a secured on-line system that is available 24 x 7. The reporting capabilities of this system also allow merchant's customizable reporting features, thus enabling detailed information in the format the merchant prefers. This program takes all of the guesswork out of accepting checks and manages the process for our merchants.
Paynet Systems offers more than just Guaranteed Lowest Prices - WE OFFER SERVICE!
Read Our Customer Testimonialsto see why more than 30,000 businesses trust Paynet Systems to provide their merchant account and credit card services.
Credit Card Processing & Merchant Account Services and Solutions by Paynet Systems. Contact Ustoday to find how Paynet Systems can assist you with your credit card processing need.
Paynet Systems specializes in providing merchant account services and credit card processing across the full spectrum of business types and sizes. From start-up small businesses to Fortune 500 corporations, Paynet Systems can provide the solutions and support your company requires.
Do you need a credit card machine? Click here to view our credit card processing equipments and solutions.
Do you already accept credit cards? Contact us so we can show you how switching your merchant account service to Paynet Systems will increase your profit margins without raising your prices!
Consumer Advisory!
If you are considering a "Free Equipment" offer, read this first.
Paynet Systems, Inc. 5955 Shiloh Road, Suite 100, Alpharetta, GA 30005, Contact 1-800-809-1989
email: info@paynetsystems.com
Paynet Systems is a registered ISO/MSP of the following banks: Wells Fargo Bank, N.A.-Walnut Creek CA.
American Express® and Discover® require separate approval.
