Why Spend Your Valuable Time Trying To Collect Returned Checks
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Why Spend Your Valuable Time Collecting Returned Checks?
Summary
Let a bad check recovery service handle it for you! When a customer’s check bounces, your bank forwards it to the recovery service you’ve chosen. The check is logged in a database and re-submitted electronically through the ACH network. If it bounces again, the service re-presents it when funds are available.
You can even profit from using a recovery service. Simply post a notice informing customers about your returned check policy, including any state-allowed fees. When funds are available, you collect the check amount and a second debit for the state fee, such as $30 in Texas. For example, on a $150 check, you might collect a total of $180.
Benefits of a Bad Check Recovery Service
Your customer doesn’t need to:
- Bring you a money order or cashier's check.
- Receive threatening collection letters.
- Handle uncomfortable phone calls.
- Spend time resolving the issue.
- Face any embarrassment.
Why Use a Bad Check Recovery Service?
This service is faster and more convenient than other methods and works with any bank in the US and its territories. It simplifies collecting out-of-town or electronic checks accepted online.
With online access to transaction reports 24/7, you can easily reconcile your account and track recoveries. Your customers appreciate the discretion and efficiency, as the service quietly manages their bounced checks, notifying their bank and updating their statement.
Successful businesses focus on their core activities. A bad check recovery service helps you do just that by resolving NSF issues, freeing you from the hassle of chasing down bad checks.
You can find the original non-AI version of this article here: Why Spend Your Valuable Time Trying To Collect Returned Checks .
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