• Contact UsContact Us
  • Sage North AmericaSage North America
Electronic Check Processing from Sage Payment Solutions
Accept Checks with Sage Payment Solutions

Sage Electronic Check Processing

Having the ability to accept checks is a vital component of revenue flow for businesses. Allowing customers to pay with checks, in addition to credit cards, improves customer satisfaction and is likely to increase overall sales. Listed below are facts and recent statistics on the check processing industry.

  • 74% of all business-to-business payments are made by check
  • The dollar value of checks are continuously increasing
  • Process checks with the same security and efficiency as credit cards
  • Paper checks account for 1/3 of non-cash payments

(Sources: Digital Transactions, Federal Reserve Report).

Sage Payment Solutions offers a variety of check services to fit your processing needs. Get peace of mind, faster funding, and the convenience of processing checks electronically. Sage Electronic Check Services moves payments electronically from your customer’s checking account to your Sage merchant account. It works like a paper check, without the additional costs, time delays, double entry or back-end check printing. Check payments can be initiated by the consumer, online or in person, as well as through a merchant entering check data from mail or telephone orders.

Electronic Check Processing Features and Benefits

  • Accept checks by phone, mail, web, or in person
  • Reduce or eliminate invoicing costs
  • Works with your existing bank account
  • Eliminate trips to the bank
  • Easy to set-up and use
  • Reduce internet fraud – real time identification by Equifax
  • 24 hour online reporting

If you are new to check processing, or looking for cost-savings and increased revenue, Sage Payment Solutions can provide the solutions your business needs. We offer a variety of services for businesses that accept checks, including quick merchant account approvals, and customized solutions that work best for you. To receive a free savings analysis or have an Account Executive contact you, click here.

Types of Electronic Check Processing Services

Check 21

Process all checks faster. Check 21 is the latest technology in electronic check processing services. With Check 21 or remote deposit capture, any type of check including personal, business, government, certified and cashier’s checks can be accepted at either the point-of-sale or in a back-office environment. Checks will need to be scanned (both sides) with a check imager connected to a PC to convert it into an electronic transaction and then the original check will need to be retained. Get Check 21 and skip the trip to the bank!

Check Conversion

Paper checks can be processed just like credit cards. By swiping a check through a check reader, a paper check can be converted into an electronic transaction and then processed. The check reader can be connected to our online virtual terminal or to your credit card terminal. This solution is easy to use and saves time by having funds deposited electronically into your account.

Checks by Phone

Tired of waiting to receive a check in the mail? Safely accept check payments over the phone. Enter transactions in our web-based virtual terminal while your customer is on the phone. With Checks by Phone, you can accept personal checks and eliminate paper check handling costs.

Checks by Web

Similar to an online debit card transaction, Checks by Web enables merchants to accept consumer initiated debit payments from their checking account or through e-commerce.

ACH Processing

The Automatic Clearing House (ACH) is a U.S. Government run system that allows money to be transferred, for one time payments or recurring payments, from one bank account to another, through what’s known as an Electronic Funds Transfer (EFT) in the form of a debit or credit. To learn more about our ACH processing, click here.

Additional Electronic Check Processing Options

Check Guarantee

Imagine no more bounced checks or collection issues! Check Guarantee eliminates returned checks and bank NSF fees. Merchants can accommodate customers desire to pay by check, but get payment security similar to credit cards. As long as the check acceptance and customer identification requirements are fulfilled, the payment gets funded to the merchant, even if it turns out to be a bad check.

Check Guarantee is available with Check Conversion, Check 21, and Checks by Phone.

Check Verification

Check Verification helps reduce the risks to a business when accepting a check. The consumer and their checking account are instantly screened through multiple databases and fraud detection systems. Sophisticated risk assessment features help identify high risk transactions instantly. Parameters are customized for each merchant.

Benefits

  • Highest approval rates in the industry
  • Improved cash flow
  • Reduce bad checks and fraud
  • Reduce collection operations
  • Automatic notification and resubmission of NSF

Check verification is available with Check Conversion, Check 21, Checks by Phone and Checks by Web.

How Electronic Check Processing Works

Virtual Terminal

The Sage Virtual Terminal is a web interface that processes electronic payment transactions when check information is manually key entered into the browser or transferred through a card imager or reader. A secure connection is made to transfer check information from the virtual terminal to the gateway for authorization. Sage Virtual Terminal can be accessed 24/7 with an internet connection and a web browser.

With our virtual terminal, merchants have the flexibility to take a payment virtually, that is, without having to buy a card reader or scanner. This can be useful for merchants that don’t take customer payments in person or if payments are web-based, mailed, or phoned. Many businesses that accept check and card payments in person still process through a virtual terminal to avoid the cost of a card reader or scanner and also to allow for back office processing.

Recurring payments

Increase your customers’ satisfaction by offering them a convenient time saving payment option through ACH processing. With recurring payments you can automatically charge your customers a fixed amount of money on a schedule that works for you and for them. The exact payment is made directly to your merchant account on time, every time.

  • Easy to set up and use
  • Reduces postage, paper, labor expenses, and bank fees
  • Lowers accounts receivables and collection costs
Check Readers and Imagers

Check readers and imagers are devices that allow merchants to accept check payments by reading or scanning a check. Check readers and imagers will connect to a virtual terminal or point-of-sale credit card terminal and payment is deposited into the merchant account.

At Sage Payment Solutions we provide an extensive inventory of leading industry check readers and imagers on the market.

Sage Online Reporting

Online Reporting is available to all merchant types regardless of how you process payments or accept checks. All transaction data is uploaded daily and can be viewed online 24/7.

Features

  • Access to all your monthly statements
  • View batch and transaction details
  • Reconcile and resolve returned and uncollected items quickly
  • Customize your reports and export in multiple formats