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When your customer writes you an insufficient
check, your bank forwards the returned check
directly to ERS.
ERS enters the check into a database and
re-submits it
electronically via the ACH network.
If an item bounces, ERS then calls
the bank to verify funds. When funds are located,
another transmission is made and your check is
recovered.
Free
Service
There is no charge to the merchant. When a check is
collected, the merchant receives 100%
face value of the check.
Your customers do not have to:
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- bring you a money order or cashiers check
- receive a threatening collection letter.
- answer an uncomfortable phone call.
- spend their time resolving the problem.
- go through the embarrassment!
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Our electronic collection process is much faster
and more convenient than any other method
available, and it will work on any bank in the
U.S. and its territories.
And now with ERS, collecting out-of-town checks has
never been easier! |
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We
utilize the best of both worlds, electronic
recovery and traditional collection methods. This
enables ERS to collect even account closed and
inactive accounts.
Your
customers will benefit because bouncing a check is
all embarrassing thing that no one likes to handle
in person. ERS
will handle it
for them quietly and confidentially. ERS notifies
your customers bank of the ACH transaction and
adds it to their statement.
You as a business owner know that successful businesses
focus on their core business. ERS solves your NSF
problems so you can do just that. You can finally stop
chasing down bad checks and concentrate on your
business.
ERS
will provide signage like this that spells out a
check writer’s responsibility to honor his
check. We provide all of the materials you need to
get the program working right away..
ATTENTION
CHECK WRITER
We accept checks
under these conditions:
“When you pay by check, you expressly
authorize this merchant, if your check is
dishonored or returned for any reason, to
electronically debit your account for the
amount of the check plus a processing fee
of $30
(or legal limit) plus any applicable
sales tax. The use of a check for payment
is your acknowledgment and acceptance of
this policy and its terms.”
Electronic Recovery
Systems, Inc.
(254) 867-6890
Thank you for you business.
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