A New Way of Paying with Checks

Available without any equipment to buy - A FAXCASH BREAKTHRU !

ECC is a service that allows merchants to convert paper checks into electronic check transactions at the Point-of-Sale. With ECC the MICR line at the bottom of the check is read by a check reader and together with the dollar amount of the transaction, is routed via the Automated Clearing House (ACH) network to the check writers bank as a debit. Collected funds are then credited to the merchants account. This process greatly reduces the cost, time and risks associated with check acceptance at the Point-of-Sale.

ECC Process:
The customer presents check to cashier. The amount of the check is then hand entered on a terminal keypad. The check is verified. If negative information is found, the check is not accepted. If the check is accepted, a slip is printed for the customer to sign allowing the paper check to be converted into an electronic conversion. The check is then returned to the customer and stamped "Void". The transaction is electronically transferred though the ACH system and the funds are debited directly from the customer's checking account. When the settlement is made with the merchant, an ACH credit transaction deposits the purchase amount into the merchants account.

Benefits To Merchants - Cost saving Opportunity:

Reduces check-handling costs

Simplifies end of day closing

Streamlines back office operations

Limits risk exposure

Potential for merchant branding

Fee based rather than interchange based

Expanded ability to accept checks

Faster funds availability

Check fraud can be detected much quicker

Eliminates the process of filling our deposit slips or traveling to the bank to deposit the checks

Merchant are informed of NSF and other returned items much faster

Another FAXCASH exclusive !

PRICING

 

FAXCASH SILVER

PLACE YOUR CHECKS INTO THE SYSTEM GET THEM OUT CASH IN YOUR ACCOUNT 5 DAYS

CLEARS AND GOOD NOTIFICATION 48 HOURS

YOUR MONEY IS ON THE WAY AND YOU RELEASE THE GOODS

 

 

 

FAXCASH GOLD

PLACE YOUR CHECKS INTO THE SYSTEM GET THEM OUT CASH IN YOUR ACCOUNT 3 DAYS

CLEARS AND GOOD NOTIFICATION 48 HOURS

YOUR MONEY IS ON THE WAY AND YOU RELEASE THE GOODS

 

 

FAXCASH PLATINUM

PLACE YOUR CHECKS INTO THE SYSTEM GET THEM OUT CASH IN YOUR ACCOUNT SAME DAY YES SAME DAY

CLEARS AND GOOD NOTIFICATION 48 HOURS

YOUR MONEY IS ON THE WAY AND YOU RELEASE THE GOODS

 

THAT MEANS INSTANT FAXCASH UNHEARD OF BEFORE WE INVENTED IT

 

 

 

ALLOW TELEPHONE ORDERS YOUR MONEY IS CLEAR BEFORE YOU SHIP

 

ALLOW INTERNET ORDERS YOUR MONEY IS CLEAR BEFORE YOU SHIP

 

ALLOW MAIL ORDERS YOUR MONEY IS CLEAR BEFORE YOU SHIP

 

ALLOW FAX ORDERS YOUR MONEY IS CLEAR BEFORE YOU SHIP

 

DEFINTELY ALLOW

YOUR BUSINESS TO GROW

 

RATES

SILVER 1.00 %

GOLD 1.75 %

PLATINUM 2.50 %

COMM COST 35 CENTS PER TRANSACTION

 

INCLUDES US MAIL FEDNOTICE ON ALL TRANSACTIONS

TELEPHONE RECORDING OF PERMISSION

ADDRESS VERIFICATION OF DELIVERY AND CROSS MATCH TO TELEPHONE NUMBER AND PIN NUMBER

SAFE INTERNET SETUP

TO PAY BY CHECK:

FAX A COPY OF THE COMPLETED CHECK TO OUR OFFICE @ 212-YYY-YYYY.

KEEP YOUR ORIGINAL CHECK AND WE WILL SEND YOU WRITTEN CERTIFICATION. 
AND,

CALL OUR SECURE TOLL FREE NUMBER:   866-329-2274 

A RECORDING WILL PROMPT YOU TO:

GIVE YOUR NAME (signer of check) ............
GIVE YOUR PERMISSION ..........

GIVE YOUR CHECK NUMBER .........

GIVE THE DOLLAR AMOUNT OF CHECK YOU ARE PAYING  ............. 

OR, 
FAX BACK THIS FORM 

I,    _____________________________________________   (PLEASE PRINT NAME OF CHECK SIGNER)

TELEPHONE NUMBER    (       ) _________________  

ADDRESS ___________________________________CITY  ____________________

(PLEASE USE CHECK SIGNER'S HOME ADDRESS)

STATE _____ ZIP __________ 

E-MAIL ADDRESS_________________________

FAX # (       ) _____________________

LAST 4 DIGITS OF YOUR SOCIAL SECURITY   NUMBER  __  __  __  __,

DO GRANT YOU PERMISSION TO CHARGE MY CHECKING ACCOUNT IN THE 

AMOUNT OF  $_____________________ CHECK NUMBER   #  _______________
(PLEASE ENTER THE AMOUNT IN THE CHECK REGISTER)

FROM A CHECK DRAWN ON ___________________________________________                                                                                         					      
NAME OF YOUR BANK)	

___________________-_____________________-________________.
(PLEASE WRITE ALL NUMBERS FROM ACROSS THE BOTTOM OF CHECK)

EXACT NAME OF ACCOUNT AS PRINTED ON CHECK:
____________________________________________________  
{PLEASE PRINT}

YOUR SIGNATURE   X __________________________________________ 


For office use only: Fax copy of signed check ________
(Your Initials)