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Checkmatic ©1999-2004 frequently asked questions.
- Is there a set up
charge?
- How much does
your service cost?
- When
and how fast do I receive my money?
- How often am I
billed?
- What do banks
think?
- Can companies out side of the U.S. use this
program?
- What if my customer has concerns about giving out their check
information?
1. Is
there a set up charge? No
there is not a set up charge but you must receive three or more returned
checks per month. We do not charge maintenance fees, monthly minimums or have
any other hidden fees as with other companies.
2.
How much does your service
cost? Electronic NSF check collection is Free. Traditional methods
are free also if we are unable to collect the bad check. If traditional methods
have to be used to collect the item, we reimburse a 100% of the collected
amount for any check up to 2 years old.
3. When
and how fast do I receive my money? All NSF checks
collected are paid weekly. We can not guarantee when or if we will collect any
check. Our experience tells us that will collect up to 85% of the checks we
receive. Depending on your business, this could be higher or lower.
4. How often am I
billed? You are never
billed for NSF checks recovered electronically. The check writer pays for the
NSF check fee as allowed by state law. You are never billed for checks that are
collected using traditional methods. We only retain a percentage of what we are
able to recover and reimburse the remainder for checks over six months old.
5.
What
do banks think? Banks are
regulated by the same governing authority as we are, NACHA. They must abide by
the same laws we do.
6. Can companies out side of the U.S. use this
program? No. We only
collect NSF checks in the USA.
7.What if my customer has concerns about giving out their
check information? We already
have their check information just as you do when you accepted their check. We
are regulated by the Federal Reserve and NACHA and must abide by the law. We
also follow the Fair Debt Collection Practices Act. We will do nothing that
could jeopardize our ability to continue in business or to hurt your
relationship with your customer. Updated Information subject to change
without notice
Privacy Policy: Customer data is used for internal
purposes only. It is not shared or sold. Customer may receive E-mail from
the company.
Checkmatic® Recovery Systems
P O Box 130021
The Woodlands, Tx.
Phone:
Fax:
Toll Free:
Checkmatic® and the Checkmatic® Logos are Registered Trade Marks of CRS. ©
1999-2005 Checkmatic® Recovery Systems. All Rights Reserved. Copyright©
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