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Merchant Consulting Group
Check Processing Rates
Gold Program
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Checks are automatically deposited into your Accountnt.
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The deposit is garanteed 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 Pricessing Equipment. Our Check Processing Program is compatible with most existing check readers and Check immagers. 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, y ou are garanteed payment on the the ckeck. 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 fine 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 garanteed 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, thie verification process will be much faster. Although it is optional, checks can be garanteed. 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 comaptible 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 garanteed 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 ths program, and you will not pay a percentage. The small ticket check processing program is designed for business 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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