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10.8.2007
Eastern Pennsylvania Business Journal
Stroudsburg firm advocates check service for merchants.
3.1.2007
ChekNews
Our Merchant Member Newsletter
There are important reasons why a merchant should consider a ramp up to accepting chekxcept cards exclusively!
  1. Lower risk of a bounced check.
  2. If a check bounces we have the contact information on the check writer on file BEFORE the check is written therefore we can recover your money faster and easier than ever before.
  3. The number of your bad checks will de- crease by more than 50% because check writers are voluntarily giving their contact information to us before they write the checks.
  4. If you continue to take checks without the ChekXcept Card, you risk greater loss of revenue and much lower collection rates.
  5. Merchants have many additional benefits.
    • We give you a link from our website to your website.
    • You can send broadcast emails to all ChekXcept Card holders in your area at prices that are a fraction of newspaper advertising.
    • If you don't have a web site, we can refer you to an affiliate that will design one for you for a discount.
    • You will receive our semi-annual newsletter called ChekNews, a newsletter we publish that is full of information on the business of checks, what's new and what's happening.
    • You will receive free advertising in our own co-op ads as we roll out the ChekXcept Card and mention the names of participating merchants in our network.
    • You will be listed as a participating merchant in the ChekXcept network on our web site.
  6. You are given a web address to save as an icon on your computer desktop. Simply click on this icon which takes you to a page on our website where you can search for instant card approval.
    You can also print out all the bad card numbers and keep it at your register each day. If you're cash register system allows you to input bank routing numbers and account numbers we can provide that information via email each day.
    Likewise, if your cash register system has the ability to identify card numbers at the point of sale, you can also receive the bad card numbers via email and input them into your system.
  7. If a shopper claims he/she lost or misplaced their card, you can verify this by clicking on our triangle icon on your computer desktop and entering your merchant number and the card number or the person's last name. You will instantly be given an approval or denial on your computer screen.
  8. The cost to the check writer is $0.42 per month. You can find that much change in a sofa or in your car seats. If a check writer is not willing to pay $0.42 per month to write a check, hassle free, in any participating store, they may represent a high risk.
  9. You no longer need to pay for verification systems with the ChekXcept Card. We have the information on the Check writer before he/she writes the bad check. The cost of your verification equipment and the swipe charges you now pay is reason enough to switch to the ChekXcept program.
  10. You can introduce the program to your shoppers over a period of two weeks. Then you can set a date to convert exclusively to the ChekXcept program. That date can be 30, 60 or 90 days into the future.
  11. If a shopper has been a good customer and has been writing checks at their store for many years, the merchant may opt not to insist on the check writer having a ChekXcept card. But the merchant should understand that accepting checks from check writers, especially those you don"t know, is like a bank making a loan to a borrower without a loan application. Your check writing customers are borrowing from you for a 24 to 48 hour float period. They not only leave with your service or product, but if the check is bad, they leave with your money.
  12. All the ChekXcept program does is insure you are at a minimal risk when accepting a check while providing the check writer with a hassle free way of writing a check, even if he/she is from out of state.
This program is being introduced all over north eastern Pennsylvania, in restaurants, shops, antique stores, flea markets and supermarkets. Don’t be the last to join the network.

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