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Merchant Consulting Group
Electronic Check Processing
With Merchant Consulting Group's Electronic Check processing, you may never again go to the bank to make a deposit, and you will have the peace of mind to know that your checks are guaranteed. Once you get an approval on a check, your deposit is guaranteed, even if the check bounces. This is a great feature for businesses that have many of out of state checks, or for a business owner that wants to be home early and avoid a trip to the bank.
Gold Program
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Checks are automatically deposited into your Account
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The deposit is guaranteed even if the check bounces.
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Checks are Approved or Declined in real time.
The Gold Electronic Check Processing Program requires the use of Check Processing Equipment. Our Check Processing Program is compatible with most existing check readers and check imagers. If you do not have equipment already, check processing equipment can be purchased by clicking below. The Gold Check Processing Program will basically turn your customers checks into Credit Cards. Once your electronic check transaction is accepted, you are guaranteed payment on the the check. This program is compatible with most credit card machines.
Monthly:
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$12.00
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Transaction Fee:
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$ 0.22
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Percentage
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1.64%
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Silver Program
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Checks are automatically deposited into your account.
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Checks are Approved or Declined in real time.
The Silver Program also requires the use of Check Processing Equipment. Either a Check Imager or a Check Reader will work \with the Silver Program. The Check is swiped through the Check processing equipment and will be approved or declined in real time. It will not be necessary to bring your checks to the bank because your checks will be automatically deposited into your account. This program is compatible with most credit card machines.
Monthly:
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$12.00
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Transaction Fee:
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$ 0.24
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Percentage
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NA
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Paper Check Program
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The deposit is guaranteed even if the check bounces.
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Checks are Approved or Declined in real time.
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Checks must be manually deposited at your bank.
With the Paper Check Program, Check Processing Equipment is optional. The check can be verified directly with the credit card machine. An approval or decline response will be received in real time. If Check processing equipment is used, the verification process will be much faster. Although it is optional, checks can be guaranteed. With the paper Check Program, all of the customers checks will be taken to the bank at the end of the day. This program is compatible with most credit card machines. A check reader or check imager is optional.
Monthly:
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$12.00
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Transaction Fee:
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$ 0.26
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Percentage
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NA
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Small Ticket Program
(Average Check must be less then $50)
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Checks are automatically deposited into your Account
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The deposit is guaranteed even if the check bounces.
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Checks are Approved or Declined in real time.
The small ticket program is similar to the Gold program. There is a flat transaction fee for this program and you will not pay a percentage. The small ticket check processing program is designed for businesses that need faster transaction times.
Monthly:
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$12.00
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Transaction Fee:
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$ 0.49
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Percentage
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NA
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