Thinking About Using A Check Guarantee Service?

Get ready for the “check guarantee sales pitch.”  Ordinary check guarantee presentations frequently go something like this:

Utilize our “check guarantee service” and you will be SAFE from bad checks.”

You may also hear this one:  “discontinue bad checks NOW by guaranteeing your checks!”

Even though is what a lot of check guarantee services repeatedly market themselves as a way to safely acquire checks and stay away from bad check losses, they are not virtually as secure and good as often claimed.  Stated another way, be aware of the “check guarantee” propaganda.  Keep in mind, if it “sounds too good to be true, it probably is.”

If you sign up with a guarantee service, part of the “fine print in the guarantee contract” says YOU must insure certain items are listed and or examined on accepted check.  If you omit one of the specified items, or do not fully follow the procedure exactly as described, and the check is returned, the check guarantee promise is null and void (i.e. you will not be paid for the value of the check). 

When your business is in the midst of “high traffic hours,” employees may not always check every single item.  That process takes time and customers are not always patient. Employees sometimes forget to follow each part of check approval process, and sometimes new employees are not aware of what needs to be done.

Before signing on with a check guarantee service ask if you really want to have to verify various items on every single check you accept.  If you look into check guarantee services very far, you will find they are generally a major source of irritation for both business owners as well as customers.  No business wants to unnecessarily aggravate its customer base.  A better solution for bounced checks is a clear company that excels in performance and has excellent track record.  

If you are currently using a check guarantee service and you have checks that were returned by the “guarantee company” unpaid, Check Care can help your business.