A check acceptance solution for businesses that must deliver goods and services before receiving payment.
When businesses render services before payment is received, they can still offer the same flexibility to customers that conventional merchants can, without increased risk or check handling costs.
Companies that accept checks on delivery range from business-to-business suppliers to pizza delivery companies, but they all have one thing in common: they provide their services on good faith that payment will be forthcoming. Some limit payment options to cashier’s check or cash, but that doesn’t serve all of your customers.
The TeleCheck® Check on Delivery service allows you to get authorization to accept a check before incurring the costs of pulling and shipping goods or putting valuable time into a project. With extensive screening from TeleCheck, you can have greater confidence in accepting checks, including those from new customers.
How It Works
Customers provide basic check details to merchants who in turn contact TeleCheck for risk assessment. The transaction is treated like a paper check transaction and the risk scoring tools are utilized to determine the likelihood of a returned check.
Help Your Business
- Reach customers who prefer to pay by check for delivered goods and services
- Maintain effective check approval standards remotely and around the clock
- Increase check acceptance at a lower cost and with confidence
- Maintain flexibility in payment options for customers
Help Your Customers
- Make payments by check for goods and services delivery
- Keep a record of the transaction through your bank
- Comprehensive screening against the extensive TeleCheck negative and activity databases
- Risk management tools for traditional paper check payments
- Verification, and warranty coverage options, as well as collections by our affiliate, TRS Recovery Services, Inc
- Pre-approval option for instances when total amount due is unknown prior to delivery — up to 10% variance of amount originally submitted
- Mail order option so that the merchant gets a warranted check approval before shipping
