Online
Check Processing
 The
Fast Charge Payment Gateway™ automatically includes
a FREE online check processing option with each gateway
license. The online check processing form will be added
to the credit card form in the online virtual terminal.
There are no set up or monthly fees for this additional
service however the automatic approval does have some
limits as follows:
Maximum check processing
limit is $10,000 per month.
Maximum check amount
processed is $300.00
Higher monthly and ticket size
are available with approval
Transaction fees usually equal
to merchant account fees
Recurring billing included free
same as credit cards
Only applies to U.S. checking
accounts
Free set up only applies with
the credit card option
Contact your sales rep for a
checks only option
The Automated Clearinghouse (ACH) is
an electronic payment delivery system. First introduced
in the early 1970s as a more efficient alternative to
checks, ACH has evolved into a nationwide mechanism
that processes electronically originated credit and
debit transfers for institutions nationwide. ACH is
a rapidly growing alternative to paper checks and handles
billions of payments annually.
In fact, online checks will rise in
value from $300 million in 2003 to $50.2 billion this
year, and will be worth $190.9 billion by 2015.
When businesses overlook ACH Paperless
Checks, they lose the opportunity to nearly double their
Internet sales. By offering paperless check processing,
businesses contribute to their bottom line by expanding
their potential customer base. Many customers either
do not have credit cards or they prefer to pay with
checks. Now, businesses can easily accept checks online
with Fast Charge. This service allows customers to securely
purchase products and services using their existing
checking or savings account while allowing businesses
to expand their online payment options beyond credit
cards.
Fast Charge is a pioneer in the transaction
processing arena, and we continue to consistently provide
our customers with leading edge products, ensuring every
competitive advantage.
Online Check Features:
- Comprehensive online paperless check processing
- saves businesses the expense and difficulty
of implementing a turnkey payment processing solution.
Fast Charge provides all the service and functionality
a business needs to start accepting checks online.
- Low cost, low implementation -
paperless check processing does not require an Internet
merchant account, therefore businesses enjoy lower
processing and transaction fees.
- Fast Charge - provides enterprise
back-office services featuring robust reporting
and utility options. Fast Charge provides businesses
the tools they need to effectively manage their
online business.
- Industrial-strength security screening
- ensures customers 100% online purchasing
security over secure socket layer (SSL).
- Fraud and Risk Management (FRISK™)
- customizable fraud and risk management
system that allows businesses to employ an optimal
level of protection for their business. The result
is maximized sales and minimized risk.
- Dedicated support - provides
advanced and reliable client support. Fast Charge
gives businesses the personal attention and responsiveness
they need to succeed online.
Why Accept Checks?
68% of all business payments are by check
23% of households do not have a credit card
45% of all credit card holders are within 5%
of their credit limit
83% of all consumer bills are paid by check
50% of all non-cash payments are by check
10 million households without credit cards are
online
74.6 million Internet check transactions in
2008
633 million Internet check transactions in 2008
Over 6 billion Internet check transactions
in 2010
(The statistics quoted above were gathered
from NACHA and the U.S. Federal Reserve) |
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