All About Telecheck

Merchants in a range of industries rely on TeleCheck® for its varied payment solutions, especially as it fits perfectly with today’s preferred customer payment methods. A MLM merchant account, or any other high risk merchant account, will benefit from using Telecheck® one of the following services provided by this company: 

·         Check verification service (CVS). Most high risk merchants deal with fraud more often than they would like, and the check verification service (CVS) reduces these cases of fraud and helps to make transaction processing more efficient.

·         Warranty service. Merchants in all industries appreciate the flexibility and protection that comes with the TeleCheck® warranty service. Using this service, TeleCheck® is able to manage the complete check collection process, helping to streamline operation and giving merchants the flexibility to focus on their own customer service.

·         Electronic Check Acceptance® Verification service. This unique service gives high risk merchants the chance to accept and process checks directly at the point of sale, a real plus for a multi-level marketing merchant account. For merchants who want to implement electronic check service and avoid traditional bank fees, this verification service offers a great way to manage their own collection activities.

·         TeleCheck® Back Office Conversion (BOC) services. These types of services are impressive, end-to-end solutions that allow acceptance of electronic checks that minimizes the impact at the point of sale. High risk merchants can accept checks at the point of purchase, converting those items to ACH debits or image exchange items. The account, including a MLM merchant account, will then achieve 100% electronic settlement. Basically, the paper checks are first authorized, using TeleCheck®, and are then scanned, imaged, securely stored and finally destroyed in the high risk merchant’s back office. Or, if the merchant prefers, TeleCheck® can do all of the imaging, storage and destruction. This BOC service provides peace of mind by reducing bank fees and processing costs, minimizing risk, increasing the speed of returned checks, improving availability of funds, and converting all check items.

·         Paper Check Acceptance service. Using proprietary risk management tools, TeleCheck®’s paper check acceptance service allows merchants to process checks the point of sale, while minimizing returns checks and offering customers a choice in payment.

·         Internet Acceptance service. Many high risk merchants who have multi-level marketing merchant accounts use the internet for the bulk of their retail transactions. TeleCheck® has a secure way to accept check payments over the internet; and this solution will help improve overall operational efficiencies and provide fraud protection using low-cost integration.

·         Telephone Acceptance service. Even with the advent of internet retail ordering, millions of transactions are conducted over the telephone, which means merchants need an effective and fast way to offer payment options to their customers. One reason why merchants of all types need the protection that TeleCheck® provides is that nearly half of check payments are never mailed due to remorse after the phone order has been placed. To maintain the profit margin on telephone orders, an increasing number of companies rely on the Telephone Acceptance service. 

High risk merchants of all kinds provide customers with goods and services under good faith and with the understanding that they will see a deposit into their merchant account. For protection against loss of payment for your goods or services, it helps to use the services TeleCheck® offers its clients.

High Risk Processor has professionals who understand High Risk Merchant Accounts, High Volume Merchant Accounts as well as Offshore Accounts. High Risk Merchant Accounts are great for companies in industries that include mail and telephone order, adult entertainment industry and online dating, direct marketing industry, dating and  escort services, outcall services, travel agencies, telecom companies, timeshares and resort industry, herbal supplements and diet companies, subscription services, monthly membership clubs, ticket sales, MLM merchant accounts, bail bonds, pawn and gun shops, water filtration merchants, collection agencies, car rental agencies, rare coin and other collectible dealers, computers, custom jewelry design products, software sales and computer service, detective services, door to door sales, massage and stress management parlors, hair restoration clinics, cosmetic surgery, high-end ticket sales, high volume sales, home based and telecommuting businesses, fortune tellers, infomercial accounts, insurance and financial products, investment products, custom jewelry sales, multi level marketing, multilevel marketing organizations, phone and internet sales, seminars, educational institutions, sports collectible shops, used car and truck sales, water purifier sales, weight loss centers, online vitamin and herbal supplement merchants, international merchants, companies facing large numbers of chargebacks, and more.