Electronic Check Conversion: The Easy Way to Increase your Cash Flow.
- Convert paper checks into electronic payments with a reader
- Eliminate trips to the bank
Features & Benefits
The Easy Way to Increase your Cash Flow.
- Convert paper checks into electronic payments with a reader
- Verified check funds are guaranteed - no more returned checks or hassles collecting bad checks
- Funds automatically deposit in your bank account in 2-3 days1.
- Eliminate extra trips to the bank
How it works
- Verify the check by running it through mini MICR reader.
- If the check is verified/approved, a receipt is printed for the check writer to sign.
- Merchant stamps the check "void" and hands the check back to the check writer with a copy of the receipt.
- Check is converted to an electronic item and funds are automatically deposited to your bank account within 2-3 business days.
Pricing
Special pricing for you and your clients
| Service | Cost |
|---|---|
| Application Fee | Free |
| Monthly service | None |
| Per-transaction fee | $0.15 |
| Monthly Minimum | $0 - $25 (Based on monthly processing volume) |
| Cancellation fee | None |
| Time to funding | Two to three business days1 |
Intuit Payment Solutions offers a guaranteed payment for all eligible check transactions that are properly authorized and processed by Merchant. If you receive a returned check on an eligible check transaction, Intuit will pay you the full amount of the check transaction as long as the check transaction meets the conditions of the guarantee. For detailed terms and conditions of the guarantee, please see the Check Guarantee Services in the Merchant Agreement: www.innovativeagreement.com. Application and acceptance by Intuit to receive Check Guarantee Services is required.
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