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Is It Safe To Access Checks At Merchant Establishments In The US by Appstar Financial

The second-largest and most popular form of payment accepted at merchant establishments in the US is checks. Payment using checks is relatively easy, secure, and safe, and merchants are freed from paying high fees for payments made through credit cards. Merchants receive funds usually within 48 hours of accepting payment through a check.

Merchants can prefer to accept checks for clearance either electronically or in paper form. Appstar Financial offers Secure-Chex check services for medium, small, and large businesses. They are designed to meet the requirements of merchants. The company provides four check services namely Check Conversion, Guaranteed Conversion, Check Verification, and Check Guarantee.

How secure are the check payments?

Merchants can enjoy guaranteed payments by opting for Secure-Chex check services offered by Appstar Financial. The check guarantee option allows merchants to accept payments from customers in the form of checks without any risks. In this method, paper checks are processed as usual by entering the check information in the credit card terminal. It then validates check information using a database of known bad check writers. It is the right process and merchants can confidently accept checks across the US. Therefore, Appstar Financial Check Services helps merchants to weed out bad check writers and continue their business.

Check Conversion: Merchants, who feel that customers are genuine and have no need for a check guarantee, can choose electronic check conversion. However, Secure Chex does not provide any guarantee for such electronic conversion if the checks are returned because of insufficient balance. Benefits of electronic conversion of checks include fewer visits to the banks and cheaper compared to payments using a credit card. More than 32 billion transactions using checks are performed annually in the US.

Guaranteed Conversion: In this mode, the MICR reader is used to process the check and convert it into an electronic transaction. The transactions are performed electronically and merchants receive the funds within 48 hours. Secure Chex guarantees merchants if checks are returned because of insufficient funds and it collects the returned checks. Therefore, merchants can carry out their business uninterruptedly.

Check Verification: Merchants can utilize check verification services offered by Appstar Financial to check the negative information of check writers. Therefore, merchants can make an informed decision about whether to deny or accept a check from a consumer. Therefore, merchants can avail of Appstar FinancialCheck Services confidently to run their businesses and reap rich dividends.

Cash Advances

Merchants can avail of cash advances from Appstar Financial to run their businesses. They can get working capital from Appstar Financial in the checking account by selling future credit card sales at a discount. Appstar Financial provides working capital of up to $15,000 for each location in just three working days.

It is a boon for smaller merchants, who need working capital to run their businesses. It is the best option for small business owners, who struggle to get a bank loan because of varied reasons like bad credit history, and do not have sufficient collateral to get a loan, and could not wait long periods to get a loan. The merchants repay the advance by transferring a small percentage of credit sales daily to Appstar Financial. 

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