Merchants are free to develop their own individual Check Acceptance Policies. However, the requirements for our Funds Guarantee
are:
-
Preprinted name
and full address
-
Phone number
-
Some form of picture ID verified
and noted on check
- Check is approved using M.E.G.S
Generally
this information is already preprinted on the majority of checks presented for payment. The high percentage of checks with qualifying
information already preprinted makes our funds guarantee easy to obtain.
If
a guaranteed check is returned, we will commence our collection
efforts. If after 30 days we are unable to collect on this check we
will forward you the full face value of the check regardless
if we ever collect it. You won't have to worry about any bad check
loss again!
If
any of these items are missing or the check is over your guarantee
limit we are unable to guarantee that check; however, we will still
attempt to collect the check for you. When our expert collectors
collect on that check we will forward you the full face value in
your bi-weekly settlement.
