Bounced checks plague businesses nationwide. The statistics are staggering. According to the National Automated Clearing House Association, every day in the United States businesses unwittingly accept over 1.1 million bad checks.
Whether a business takes dozens of bad checks a day or just a few a month, the costs are huge in terms of the time, money, and hassle spent tracking down the funds. Bounced checks cost businesses manpower and funds, and the worst part is that even with today's high-tech check screening systems, they can not be eliminated.
The Challenge of Traditional Collections
There is just no comparison between traditional and Impact's Electronic Check Recovery. With traditional check recovery, merchants have two alternatives: try and contact the customer and ask for payment or turn the collections over to a collections agency or attorney to collect the funds. The challenges with these two options are that you spend a lot of time and risk upsetting your clients or you forfeit a major portion of the collected revenue to the collection agency. And in either scenario it takes a lot of time to get the funds, if you are ever able to do so.
The Better Alternative
There is just no comparison between traditional and Impact's Electronic Check Recovery.
As an Impact valued customer, NSF checks that are returned back through our Electronic Payment System can automatically be recovered through our unique electronic collection system. We handle the recovery of these funds with no cost to you the customer and with none of the usual phone calls, strong-arming or hassle of most typical collection services.
Our advanced collection system allows us to collect NSF funds more efficiently (typically with and 85% recovery) and without the negative effects of traditional collection processes. And the best part is, it is Absolutely FREE.
