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1. The Importance of Check Verification
Check verification is a system that helps to verify the authenticity of the
actual check presented or the ability to check on the account holder’s history
whether it’s individual or business and recurring payment is a scheduled
payment where a consumer has to pay his or her debt on a regular basis. For
example, mortgage, insurance or pension benefits.
Although, check verification is clearly the best service assistant for business
these days,
Merchants still wishing in the coming future for a “real time” check
verification method, because it’s important for them to know if their buyers
can cover up the cost. Like that of a debit card which immediately can
transfer funds when verified.
So until then we have to consider a few check verification options for
security and for better business transactions.
Most businesses decline to accept check payments to avoid such task of
writing deposit slips and going to the bank even the check is good and most
of all to avoid receiving bounced checks. Because merchants can’t easily go
through check verification they rather not allow accepting check payments
to make their payment transaction hassle free.
Although, a reality check this principle has a negative set back for merchants
because it can lower their chance to make a sell. Not all consumers have the
ability for cash payments or even to transact with credit cards so they rather
settle for check payments.
Now, for business that permits check receivables they too have options to
take considerations.
Accepting checks without verification is like putting yourself in a situation
of expecting to receive bad or bounced checks. And worst of all merchants
can’t do anything but to invest a big amount of time and effort to pull
through or recovering the bad check by directly addressing their customer

2. about the check scenario or better yet hiring a collection agency to do the
work for them.
To keep away from having a bad business day ever again merchants should
accept checks that went through check verification. Even though we can not
guarantee if there’s enough fund to cover up the cost right away, it can
reduce satisfactorily the risk of accepting bad or bounced checks.
Strategically, in order to develop good relationships between merchant and
consumer, most business offer light payment options, installment plan or
billing schedule. This payment process can make consumer to consider the
offer and automatically enrolled them in recurring payment system.
A common recurring payment set up is like that of getting a communication
line subscription plan. The consumer will make a down payment and the
network company will bill them each month for a certain amount to continue
to enjoy the network service until the subscription contract is ended.
However to make recurring payment runs smoothly merchants should take
vital guidelines to process the whole recurring payment system.
→ asked your customer the most convenient date and time for them to pay.
→ asked your customer their full name, contact number and billing address
→ give your customer contact number where they can address their concerns
→ allow your customer to pay aside from cash in checks or credit cards
→ show your customer how their statement of account will appear and
specify the Amount to charge.
→ sign an agreement between you and your customer about the payment
transaction
→ make known about your cancellation requirement if your customer wish
to stop the Subscription in the future.

3. In addition, if you accept card payments you should enroll yourself in card
account updater service particularly for visa or Mastercard. This is to
immediately verify the account information of the card holder.