Check Collection Service
COLLECTIONS AND RECOVERY
How effective is Check Recovery?
Check Recovery collects NSF check funds 80% of the time. Check Recovery has a success rate based on the fact that they monitor the customer's accounts for available funds on days when customer's are most likely to have funds in their accounts (13 times a month!).
When it sees the available funds, it submits the electronic transaction along with the NSF fee. Your payment is always the priority amount, over the NSF fee. If there are only funds enough to cover your check, the system will debit that amount first and try for their NSF fee later. Also, since the check has been transformed into an electronic item, it takes precedence over paper checks. The system even provides you a status report, so you can track the collection of the NSF checks. If the check remains uncollected after 30 days, you have the option of using an alternative collection service
QUICK FACTS
Traditional Check Collections are used (collectors call/mail letters).
Letters to customers include an image of the check.
Customers handled professionally and courteously.
Merchant doesn't have to make any collection calls.
Keeps you out of an uncomfortable/embarrassing customer service problem.
Automatic remittance of funds to the merchant's account twice each month.
HOW IT WORKS
No charge to you!
We handle all the difficult issues concerning check recovery so you don't have to.
Your payment is always the priority amount, over the NSF fee. If there are only funds enough to cover your check, the system will debit that amount first and try for their NSF fee later. Also, since the check has been transformed into an electronic item, it takes precedence over paper checks.
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