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Checkmatic Recovery Systems electronically collects NSF checks for businesses and pays 100% of the face value of the check to the merchant. The best part of our service is it is free to the merchants on all electronic recoveries. We make our money by collecting the fee from the check writers' account. We only collect the state allowed fee from the check writer. In 1998 the laws changed regarding collection of NSF checks and the collection rate has gone up to about 85%. Merchants with a minimum number of checks receive rebates to offset NSF fees. With our online reporting system you can view all of your checks in the collection process online. All information is updated daily. This means that you will have the same information we do every day.
Our Most Recent Recovery Rates
Figures updated March 8 2004. How and when will I be notified of the checks in the CheckMatic
system? Electronic presentment gives us 2 additional attempts to collect the funds. You are only allowed 1 additional attempt by your bank. If the check is still not good after the second presentment, our software will monitor the check writers' account for funds availability before presenting the third time. There is no fee the on electronic attempts to retrieve NSF checks. The check writer pays for results, not you! You only get results and not pay for the efforts. Your only obligation is to notify check writers of your company policy on NSF checks. We provide you with signs and stamps for point of sale businesses. If you are mail order or Internet business, you must have your policy on your web page or invoice. It's no different than having a return policy. We will provide you with the proper wording to place on your site or on your mail order forms. Since 1998 when the laws changed we have been able to retrieve an average of 85% of returned checks by using electronic representment and traditional methods! No embarrassing phone calls to the customer, no employees wasting time and most of all 3 total presentments of which the odds are in your favor. No additional bank fees for presenting two additional times! With our check collection service there is no:
The size of your business doesn't matter. All of our clients are treated equally. We are large enough to care for your needs but provide personal service instead of treating you like an account number. Here is a small sample of the businesses who take advantage of our
service:
Will you be part of our family? The only investment required is the time it takes to fill out the proper enrollment forms. We charge an enrollment or $79.00 if you receive less than five returned checks per month. If you have more than five returned items per month the enrollment fee is waived. We know you will be satisfied but just in case you are not within the first 90 days we will refund your enrollment fee. We have never had any client ask for a refund! We also guarantee you will never pay to have any check recovered that is less than six months old, period! Use our Centralized Returns and reduce your return fees by 60% or more. We will also have your checks in our system for collection in about a week instead of two weeks or more. Don't wait to get your next NSF check or your first one to get started. Sign on now and have our service ready to go to work for you! To receive an application call the number below, or send us an e-mail with your contact information and best time to call. We will usually respond to all requests the same business day. Call today for a free, no obligation cost analysis. Updated 05-01-2004 Privacy Policy: Checkmatic Recovery Systems Checkmatic and the Checkmatic Logos are the Trade Marks of CRS. |