
What is CHEXpedite™ Electronic Phone Checks?
Electronic Phone Checks is an extension of the pre-authorized
payment system used by insurance and mortgage companies since the 1970s,
whereby you can accept checks over the telephone.
Your customer can authorize you to create a draft on his or her bank
account as a means of payment
for your goods or services purchased over the telephone. Once you have
authorization from the customer, you are in control of being
paid.
Increase Your Market and Your Profits.
Less than half of the American buying public even owns a credit card.
And you are probably already accepting checks from these customers. Why
not take advantage of the convenience and financial benefits of
accepting checks over the phone? Many businesses already accept checks
over the phone or fax as with a credit card.
- Mail Order/Catalog Sales
- Travel Agencies
- Collection Agencies
- Advertising Sales
- Parts Suppliers
- Network Marketing Companies
- Utility Companies
- Television Shopping Networks
- Charity Fund Raisers
- Florists
- Pharmacies
- Internet Service Providers
- Delivery Services
Any business that accepts checks can enjoy the ease and profitability
of CHEXpedite™ Electronic Phone Checks.
How Does It Work?
Accepting your customer's check over the phone or fax can be as easy
as accepting a credit card. Ask your customer for the bank routing and
account numbers, which are printed at the bottom of every check. You
forward this information to the Electronic Phone Checks
processing center. Our processing center will "originate" the
transaction for deposit into your account within two banking days.
What Does CHEXpedite™ Electronic Phone Checks Cost?
This depends on the volume of checks to be processed. A small
per transaction fee is typical. There are no minimums or maximums to
worry about. We will process one or 100,000 transactions for deposit the
next day.
Now you can offer credit card convenience to checking account
customers by allowing them to pay by check right over the phone, and
save the high percentage you are paying to accept credit card payments.
If you have customers who order over the phone, Electronic Phone
Checks can increase your sales potential by 75 million customers
in the U.S. Industry analysts estimate that 3 out of 4 people do not
have or do not use a credit card.
Credit Card Convenience for Check Customers Provides You With:
 |
Payment
for goods and services within two business days. |
 |
Up
to 100% larger market - instantly |
 |
Reduced
in-house paperwork |
 |
Increased
return on advertising |
 |
Solid
customer loyalty |
|
 |
A
payment option that costs less than accepting credit cards |
 |
Collection
of past due accounts over the phone |
 |
The
ability to ship products faster - no more COD hassles |
 |
Easy
implementation |
|

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