No Application Fee
                      No Set Up Fee
                      99% Approval
                      Quick Set Up
                      Lowest Discount Rates
                      No Hidden Fees
                      Free Credit Card Equipment when signing up with a Merchant Account
                      Free Check Guarantee Equipment*
                      Free Pin Pad with existing Terminals*
                      Free Equipment repair*
                      24 Hour / 7 Days a Week Customer Service Support                      

Benefits of Electronic Check Conversion

Check conversion offers a convenient, efficient and secure way to manage future check payment systems while providing several benefits.  

Automates the check process, expedites funds availability and reduces bank charges
Fewer trips to the bank as converted checks are deposited electronically, same as ATM/Debit Cards
Complete, detailed transaction information available 24/7

With electronic check conversion, checks taken at the point-of-sale are scanned through a device that reads the magnetic ink imprint and verifies the authenticity. The check information is converted into an electronic funds transfer for ACH processing.  The converted checks are automatically deposited to the merchant Bank Account, reducing the time spent on doing Banking. In addition, electronic check conversion can offer savings on banking and accounting costs by consolidating check deposits from different locations, lowering handling costs and reducing bank fees. 

Electronic Check Conversion works with many types of P-O-S terminals and check readers.  

Guarantee Electronic Check Conversion: 

We are proud to provide merchants with the latest state-of-the-art technology, our Guaranteed Electronic Check Conversion.  This new service makes taking checks as simple and fast as taking credit cards. With each authorized check, funds are electronically processed and automatically deposited into the merchant’s account. And since conversion alone can’t preclude NSF items we have enhanced the service to include guarantee. 

This system effectively eliminates paper checks at the merchant’s location by converting a paper check into an Electronic Funds Transfer (EFT) that is processed through the Automated Clearing House (ACH).

Our Check Conversion automates the check process, expedites funds availability and reduces bank charges such as return check fees. Funds are automatically placed into the merchant’s account reducing the need to fill out daily deposit slips and travel to the bank. Check Conversion also eliminates the chance of loss from robbery, since store personnel make the deposit for checks the same as for credit cards (from the terminal).  This allows consolidation of funds for multi-location merchants. Counterfeiting is curtailed, as the check reader can detect non-MICR ink checks. And, of course, no time is wasted in long lines at the bank.  With check guarantee features, merchants can feel secure accepting check payments. 

Consumers, who have been paying by check for years, still have the comfort of writing checks with our ECC program.  However, since a paper check is touched by as many as six people before it reaches a check writer’s account, consumers now have the added security and confidence of knowing that no one else will see their check. 

The check writer completes and presents his/her paper check at the point-of-sale
The clerk inserts the check into the payment terminal (check reader) to authorize the check
The clerk gives the check writer a printed ECC receipt for his/her signature* which authorizes us to electronically present the transaction to the check writer's bank for settlement per Regulation E requirements
The clerk stamps the check "Do not deposit” after the authorization slip is signed
We transmits the ECC transactions for settlement and we automatically deposits the funds into the merchant’s business bank account
A description of the transaction is included in the check writer's bank statement

Check Reader for Electronic Check Conversion; How it works And compatibility

The process is simple: just scan the customer's check using our check reader connected to your credit card terminal capturing the data from the MICR line at the bottom of the check and the paper check is converted to an electronic item.

You will obviously need a credit card terminal with the RDM, which is used to convert paper to digital information. This extraordinary device captures images of documents such as checks, bill stubs, and receipts from debit, credit and ACH type of transactions. The EC5000i can convert these documents electronically while magnetically and optically (OCR) capturing MICR data to produce an electronic transaction. 

Merchant account provided by, i Payment, Inc. a registered ISO/MSP of JP Morgan Chase Bank 

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