CheckElectronic NSF Check CollectionMaticTMInformation

How Our NSF Check Collection Service Will Work For You

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Checkmatic Recovery Systems electronically collects NSF checks for businesses and pays 100% of the face value of the check to the merchant. The best part of our service is it is free to the merchants on all electronic recoveries. We make our money by collecting the fee from the check writers' account. We only collect the state allowed fee from the check writer. In 1998 the laws changed regarding collection of NSF checks and the collection rate has gone up to about 85%. In most cases, we even refund the bank charge for the bounced check to you. Soon you will be able to view all of your checks in the collection process online. All information will be updated daily. This means that you will have the same information we do at the same time. Check truncation is here! The final touches have been made to make sure the process is of the quality our present clients have become accustomed to. You now can have checks deposited directly into your bank account or find out if it is a bad check in about 48 hours. No more trips to the bank just for deposits.

You complete a bank release form allowing your bank to notify us of any NSF checks. Upon receiving this information we enter it into our system and electronically collect the face amount plus fee and applicable tax from the account. We send you an itemized report at no charge. All virtual checks, paper checks and check drafts are all treated the same. We can electronically recover your funds from any bank in the United States and it Territories.

You are paid weekly on all NSF checks recovered electronically the week before. We electronically deposit your funds every Monday on funds we receive the previous week. We don't pay out twice a month as with other companies. With electronic bank drafts, your money can be deposited daily for a small charge. It generally takes about 48 hours to verify funds available after initiation. Your money is available in about five days.

Checks that are NSF after the 1st presentment will be sent through a second time to hit their bank on payday. Electronic presentment gives us 2 additional attempts to collect the funds. You are only allowed 1 additional attempt by your bank. If the check is still not good at the second presentment, our software will monitor the check writers' account for funds availability before presenting the third time. There is no fee the on electronic attempts to retrieve NSF funds. The check writer pays for results, not you! You only get results and not pay for the efforts.

Your only obligation is to notify check writers of your company policy on NSF checks. We provide you with signs and stamps for point of sale businesses. If you are mail order or Internet business, you must have your policy on your web page or invoice. It's no different than having a return policy. We will provide you with the proper wording to place on your site or on your mail order forms.

Since 1998 when the laws changed we have been able to retrieve an average of 85% of returned checks by using electronic representment! No embarrassing phone calls to the customer, no employees wasting time and most of all 3 total presentments of which the odds are 85% in your favor. No additional bank fees for presenting two additional times!

With our service there is no:

  • Equipment Rental (except if check reader is used)
  • Statement Fee
  • Set Up Charge
  • Monthly Fee
  • Minimums
  • Transaction Fee (except for verification or payment processing)
  • Exempt Businesses

    The size of your business doesn't matter. All of our customers are treated equally. We are a small enough company to care for your needs but have the large capabilities to handle the big companies.

    Here is a small sample of the businesses who take advantage of our service:

    • Discount Paging Systems
    • United Publishers Of America
    • Brighter Image Click Here
    • Accuracy Plus
    • Funco, Inc.Click Here
    • Western Talk, LC
    • Sunrise Publications
    • Timeshare Marketing Group, Inc.Click Here
    • Cost Financial Group
    • Equity Traders, LLC
    • Sacramento Protection
    • MidTechClick Here
    • Brightwater, Inc.Click Here

    The only investment required is the time it takes to fill out the proper enrollment forms. We don't charge an enrollment or other fees because we know that you will be with us for a long time. We know you will be satisfied so we don't ask for any money up front. We also guarantee you will never pay another fee for checks recovered electronically. You may be asked to place a deposit on file for other services that is fully refundable. Don't wait to get your next NSF check or your first one to get started. Sign on now and have our service ready to go to work for you! To receive an application call the number below or send an "E-Mail" with your contact information and best time to call. We will respond to all requests the same business day.

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    Send an to us for an application

    Checkmatic Recovery Systems
    Automated Billing Service
    P O Box 130021
    The Woodlands, TX 77393-0021
    281-419-8853
    Fax: 775-206-0708
    Fax: 253-595-4351


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