Compare our FREE Electronic Check Recovery Service

Although there are a number of various NSF check recovery programs available, we believe that our NSF Check Recovery Service is the best for you, the business owner. In our opinion, the best program is the one that combines the smallest setup cost with the best net bottom line. Our service does just that.

The chart below compares the costs for each type of service. Below the chart, we explain the differences between some of these services.

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Check Guarantee

With this service, bounced checks are guaranteed to be paid by the check guarantee company. If a check bounces, the company has 30 days to pay you 90% of the face amount of the check.

Our electronic check recovery service always pays 100% of the recovered check.

The typical collection percentage with this program is approximately 50%. Merchants are charged $.35 per transaction. Setup fees are usually wrapped up in the check reader equipment and prices range from $399 to $1000 cash or a lease with total payments exceeding $2000. Plus, there are monthly service fees & minimums required.

Our electronic check recovery service has no fees, no minimums, and no setup costs.

NOTE: Typically, if any information on the customer is outdated or incorrect, the guarantee company will not pay the 90%. More than 30% of the checks have some sort of invalid information. Although we can sell this service, we do not because we don't consider it a good deal for you.

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Traditional Secondary Collections

The typical starting fee for secondary collections is 35% of the face value of the check.

Our electronic check recovery service includes free secondary collections. If your check goes to collections, we will still pay you 100% of the recovered check's face value.

With this service, the average collection rate is approximately 40% (without going to court). Usually, going to court only adds 10% more to the recovery rate -- for a total of 50%.

Our electronic check recovery service has a typical recovery rate of up to 80%.

Setup costs for collections run from $0 to $200. No special equipment is needed. Typically no monthly fee is required and there are no minimums, which is why this method is so popular. Although this method is appealing, it is not cost effective and it is actually more work for you.

Our electronic check recovery service has a no setup costs.

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Convert Check to Electronic Format

(a.k.a. Check Conversion or Check Truncation)

With this method, the customer writes you a check and you run it through a check reader, thus converting it to an electronic transaction. You then hand the check back to the check writer.

The typical cost to set up for check truncation is about $1000 up front or a $50/month lease for 36 months. Transaction costs range from $.35 to $.65 per check. Generally monthly minimums also apply. The percentage of checks collected ranges from 50% to 60%.

Our electronic check recovery service has no setup costs, no fees,  and no monthly minimums.

The selling point with this program is that you don't have to worry about endorsing the check or depositing it - and this cuts down on labor. The program is also supposed to  reduce check collection problems. But...

This is still just an electronic check transaction with the same percentage of checks/transactions bouncing as with normal checks. In fact, in some cases this method actually increases the number of bounced checks. You see, a good portion of bad checks (some estimate up to 90%) are written with the check writer knowing he/she does not have enough funds in the bank to cover the check. By speeding up the clearing process, check conversion reduces the "float" time and the check writer can get caught short more often.

Also, what if you decide to pursue the bad check through prosecution? You don't have the check and if the District Attorney has no signature to prove who signed the check, how can he prosecute? As of this writing we do not know of any D.A. who will prosecute bad checks that are based on electronic conversion.

Our electronic check recovery service keeps all checks on file -- thus avoiding this problem entirely.

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Merchant Collects "in-house"

Since merchants are not professional collectors, recovery percentages for self-collecting are the lowest of all - typically only from 25% to 40%.

Our electronic check recovery service can double these collection rates while removing the workload from the merchant.

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Check Buying

There are some companies that offer to buy bad checks for 90% to 100% of the face amount of the check. But... Generally, only NSF checks qualify. That means you're still stuck with any checks returned as account closed or unavailable funds.

Our electronic check recovery service can process all of these returned checks.

Also, this program will usually pay the 100% only for checks that have certain information filled in accurately. This includes: check writer name, address, city state zip, drivers license number, and two phone numbers. The key word is accurate. Roughly 60% of checks do not pass this requirement. What happens to these checks? The companies will either return the checks to you (without buying them), will put them in secondary collections, or will buy them at only 70% of face value (instead of the 100% promised). Note that several of these companies have been closed down by states attorney generals.

Our electronic check recovery service is completely legitimate and we do not add  unnecessary requirements.

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Our mission is to help you

save time, reduce labor costs, and increase $$$ recovered.

Let us process your returned checks for you.

• It's convenient -- we do it for you.
• It's affordable -- we charge the check writer, not you.
• Receive 100% of value on each check recovered.
• Recover 80% or more of your returned checks.
• Our service is discreet and guaranteed.

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