No cost electronic check collections on NSF checks. No matter how cautious you are – it’s inevitable – you are going to get some Non Sufficient Funds checks. Now PPS has an easy and convenient way to collect on these NSF checks at no cost to you. You will eliminate the hassle associated with tracking down check writers and making collection calls. The entire process is handled electronically and you’ll receive the full face value of the NSF check once it is collected.
No special equipment is needed. You simply post the Collect notices at the point-of-sale and write your Check ID number on the face of all checks before you deposit them. If a check is returned NSF, your bank will automatically forward the check to be placed in queue for electronic presentment. The checks that clear are then reimbursed to you at their FULL FACE VALUE.
In addition to NSF checks, you can also protect your business form returned checks that are not NSF. By taking advantage of this option, our recovery program will attempt to collect all returned checks. Checks collected under this supplemental program are reimbursed to the merchant at 65% of the face value.
Don’t let the hassle of NSF checks impede your business. Let us help you increase sales with a liberal check acceptance policy and enjoy peace of mind knowing that checks returned NSF will be automatically taken care of at no charge to you.