• Enhanced Verification: The check is verified against a national negative database and security parameters that increase the merchant’s protection.
• Enhanced Settlement: The check is converted to an electronic ACH transaction and electronically deposited directly to the merchant’s account.
•
Enhanced Recovery: The funds are guaranteed and no recovery is necessary for the merchant. SecurChex pays the merchant for the full amount of returned items.
SecurChex Advantage Savings: Average of $4,104.00
Traditional Check Processing Cost
Deposit Fee
$ .10
NSF/Return Fee
$ .20
Check Handling
$ .33
Bank Deposits
$ .03
Bad Debt Write–Off
$2.42
CHECK COST:
$3.09
EST. ANNUAL COST:
$7,416
SecurChex Check Guarantee Service
Transaction Fee
$ .25
Discount Rate
1.45%
Check Handling
$ .33
CHECK COST:
$1.38
EST. ANNUAL COST
$3,312
* Based on check acceptance rate of 200 checks per month at an average of $55.00 and 4% return rate.
