Customers Telecheck Authorization:
When you provide a check as payment, you authorize Telecheck to use information from check to process a one-time Electronic Funds Transfer (EFT) or a draft drawn from your account, or to process the payment as a check transaction. When Telecheck uses the information from your check to make a EFT, funds may be withdrawn from your account as soon as the same day you make payment and you will NOT receive your check back from your financial institution. If your payment is returned unpaid, you authorize the collection of your payment and a return fee by EFT(s) or draft(s) drawn from your account.
- Checks from $ 0.01 to $ 50.00 = $ 25.00 fee
- Checks from $ 50.01 TO $ 300.00 = $30.00
- Checks from $ 300.01 & over = the greater of $ 40.00 or 5% of the face value of the check
The TeleCheck Check Verification Service helps merchants separate good check writers from bad ones allowing them to adopt a liberal check acceptance policy that will benefit both the merchants and their customers. Armed with national databases containing real-time information from more than 306,000 businesses and financial institutions, TeleCheck offers the most accurate check verification service in the industry. These databases provide merchants with continually updated information including bad check activity as it occurs, automated inquiries using the consumer’s identification (Driver’s License or State ID) as well as checking account data.