This sounds too good
to be true, how can the service be FREE? It is true, there is no
sign-up fee, no per check fee, no monthly fee or yearly fee, our service is totally paid
by the check writer (the fee varies according to what is allowed in each State, usually
$15.00-$25.00 per check. And the payee receives full face value of the check. Is it legal to collect
the money from someone's bank account? Yes, a check is a
promissory note, between two parties, where it is agreed that the Payee has the right to a
certam amount of money form the Check Writer, we simply turn the paper check, into an
electronic transaction. The check writer should to be notified before writing the check
that we will collect our fee electronically, and we provide the tools to do so.
We are regulated by the Federal Reserve Bank, and if this
service was not legal, we would not be providing it.
Does the check writer
get angry when his or her account is debited? Usually the check
writer prefers an electronic debit over a collection letter or a telephone call, and
having to submit cash or money order. With Check Collect, the NSF problem Simply goes away
without the embarrassment or inconvenience, because writing a check without enough balance
is usually an over sight . And because of this service, the check writer will likely
remain your customer.
When does the merchant
get paid on collections? We pay the merchants weekly, on all
items collected the week prior, not in 30 or 60 days. We have been collecting the majority
of NSF checks in 10 days or less.
What if I don't get
many bad checks? With our service, there are no minimums. We
welcome small businesses as customers!
When I get a returned
check do I send it to Check Collect? We will have your bank
automatically forward all your NSF items to our National Headquarters, this way no time is
wasted before collecting your money.
If you do that, how do
I know when I have NSF checks in progress? We send you weekly
reports, showing all activity (collection in progress and amounts paid). The reports are
sent via the U.S. Postal Service or E-mail, which is the preferred method, this way you
are notified immediately of any activity.
I already have a check
service. Most of our present customers had used other collection
services, and in most cases, it costs the merchant a part of the profit and alienated the
customer. Our service is Free and your customers remain your customers!
How do I get started
with Check Collect? Simply Request the Information Package, we
will "mail" you a package containing literature, references and the three simple
forms to get started immediately.
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