 Bad
Checks...Big Problem For Businesses
Bounced checks plague businesses nationwide. The statistics are
staggering. According to the National Automated Clearing House
Association, every day in the United States businesses unwittingly
accept over 1.1 million bad checks.
Whether a business takes dozens of bad checks a day or just a few a
month, the costs are huge in terms of the time, money, and hassle spent
tracking down the funds. Bounced checks cost businesses manpower and
funds, and the worst part is that even with today's high-tech check
screening systems, they can not be eliminated.
The Challenge of Traditional Collections
There is just no comparison between traditional and Impact's Electronic
Check Recovery. With traditional check recovery, merchants have two
alternatives: try and contact the customer and ask for payment or turn
the collections over to a collections agency or attorney to collect the
funds. The challenges with these two options are that you spend a lot of
time and risk upsetting your clients or you forfeit a major portion of
the collected revenue to the collection agency. And in either scenario
it takes a lot of time to get the funds, if you are ever able to do so.
The Better Alternative
There is just no comparison between traditional and Impact's Electronic
Check Recovery.
As an Impact valued customer, NSF checks that are returned back through
our Electronic Payment System can automatically be recovered through our
unique electronic collection system. We handle the recovery of these
funds with no cost to you the customer and with none of the usual phone
calls, strong-arming or hassle of most typical collection services.
Our advanced collection system allows us to collect NSF funds more
efficiently (typically with and 85% recovery) and without the negative
effects of traditional collection processes. And the best part is,
it is Absolutely FREE
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Products Overview
Check Conversion
Phone
Checks
Recurring Payment
Online Checks
Check Recovery
NSF Collection
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