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- Cost-effective way to accept cheques.
- Merchants receive guaranteed payment for the face value of approved cheques up to a pre-determined limit per cheque (currently $3,000).
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- Minimises returned cheques and related returned cheque fees.
- Processed by using your multiPOS terminal.
- Streamlines the cheque acceptance process and associated paperwork.
- Expedites closing, balancing and settlement.
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- Provides merchants with a convenient way to accept personal cheques as a form of payment.
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- A merchant can obtain cheque approval using TeleCheck's Cheque Guarantee Service which can be activated on multiPOS terminals.
- Once the transaction is approved, the cheque writer is given a printed receipt for signature.
- The cheque writer's signature allows TeleCheck* to electronically present the transaction to the cheque writer's bank for settlement.
- The money is then automatically deposited in the merchant's bank account.
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- Detailed reporting.
- 24/7 telephone support.
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