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Monday, 10 August 2009 00:00

Electronic check conversion is a new way for stores to gain enough information about an individual consumer’s specific bank account in order to make a onetime charge for a purchase. The way electronic check conversion works is similar to the way paying with a check works but with one distinguishing difference, the consumer gets the check back at the end of the transaction. A voided check that is returned to the consumer works as a record of the consumer’s transaction. Electronic check conversion also has the potential to speed up the cashing out process so long as the consumer has the appropriate funds in their bank account.

Businesses also benefit from electronic check conversion in the form of added security when it comes to cashing checks. Once a cashier scans a particular check, that check will not clear without sufficient funds being available in the account. This takes the guess work out of deciding rather or not to accept a particular check and will be the end to bad checks all together.

With technology advancing as quickly as it is today its no wonder that a safe guard has been developed in order to protect businesses from bounced checks. Electronic check conversion has not only made this possible but simple as well.

For more information about accepting credit cards, visit us online at www.allstatemerchants.com and learn how you can save money on your merchant processing services today.

Allstate Merchant Services, LLC, AMS, www.allstatemerchants.com, www.merchantcms.com, 866-541-8472, 40 Rector Street, 11 Fl. New York, NY 10006

The Importance of Accepting Credit Cards for Your Business

Monday, 03 August 2009 00:00

Today we live in an ever expanding technological world where people work from home on a computer, do their shopping from home, and even go to school from home. It is no mystery then that many individuals also use technology to spend money. Credit cards are growing in popularity and many consumers these days would rather carry a card around with them today than a wallet filled with cash. If you’re not one of those businesses that accepts credit cards you may find yourself losing more and more business as technology continues to grow and improve electronic transactions.

Regardless of what type of business you are in there is a good chance that you have been asked if you accept credit cards, and if you answered no you may have lost out on a sale. And we all know that every sale counts when it comes to both new and existing businesses. Accepting credit cards also makes it easier for consumers to purchase your product and/or services from the comfort of their own home, opening up a whole new stream of revenue for you. As more and more consumers make the switch to electronic funds you want to be right there ready and willing to take their credit cards and increase your profits. In no time at all you will begin to see the difference in your bottom line just by simply accepting credit cards.

What is Electronic Check Conversion?

The Importance of Accepting Credit Cards for Your Business