Check 21 Payment Processing helps You Increase Sales
Are you a high risk merchant who wants to accept electronic checks? Check 21 is an alternative to ACH payment processing and specifically designed for businesses and industries classified as high risk merchants.
With Check 21, transactions are cleared using bank-to-bank image exchange rather than through the ACH network. Check 21 transactions are governed by check laws and the Uniform Commercial Code, bypassing restrictive ACH rules and regulations.
Top 5 Ways You Benefit from a Check 21 Account
- Account Approval. If you are in a high risk merchant category that does not qualify for an ACH payment processing , apply for a Check 21 account instead. An excellent alternative for electronic check payments.
- Flexible Chargeback Levels. Check 21 processing permits higher chargeback thresholds. ACH rules requires chargebacks to remain below 1%. Check 21 does not have this limitation, making it a good option for high risk merchants.
- Expand Your Customer Base. Check 21 processing allows direct debits from institutions that do not participate in the ACH network such as credit unions, savings & loans, small banks, brokerages, and checks drawn on credit card accounts. More customers can order from you and you get more sales.
- Reduce Fraud. ACH processing requires consumer accounts to be credited back immediately if the consumer revokes a transaction. Check 21 does not have this requirement, giving you more flexibility in dealing with revoked transactions.
- Better Descriptors. Check 21 transactions appear on consumers’ bank statement in the same place as a paper check transactions. This makes it easy for buyers to remember a purchase and reduces chargebacks.
Fast approvals & easy setup
- Check 21 processing for high risk merchants
- Get rid of restrictive ACH payment processing regulations
- Fast approval. Low rates
Get started with Check 21 today.