Reduce check acceptance risks and increase customer convenience
If you are like most merchants, check handling can be labor-intensive, expensive, and time-consuming. With the POS Check Service most paper checks are converted at the point-of-sale into safe, efficient, electronic transactions. This results in reduced check handling costs, simplified back office processing, and faster access to funds.
Because the POS Check Service uses Visa’s existing payment network, you receive authorizations from participating financial institutions or Third-Party Authorizing Agents.
Benefits for merchants
The POS Check Service offers businesses important benefits and advantages such as reducing the risk of taking bad checks by validating the consumer’s account at the time of the purchase.
Customers benefit from the speed and convenience of fast checkout when the POS Check Service is used to convert their paper checks into electronic transactions.
Visa’s payment processing experience is right for checks:
- Provides one payment system uniting businesses, financial institutions, and consumers to convert checks at the point-of-sale.
- Ability for your business to participate in the service through your current Acquirer/processor.
- An efficient processing flow for accepting payments at the point-of-sale.
- Added protection for merchants, allowing more control over the check acceptance environment, and the ability to manage check risk.
Learn more about the POS Check Service
- Contact Visa at poscheck@visa.com.
- Call us toll free at 1-866-POS-Check.
- Contact your Acquirer/processor directly to find out how you can start lowering your check acceptance costs.
