NSF check fees getting your business down? How to collect on them for Free!

Are NSF checks getting your business down?  Learn how to collect on them for FREE!
Are NSF checks getting your business down? Learn how to collect on them for FREE!

Most times a bad check, NSF check, or bounced check is an honest mistake by your customer. All too often, however, business owners never reclaim the check’s value not to mention the fees that were charged for the returned check. This is because the process to collect on a bad check can either be cost prohibitive or simply too time consuming for busy business owners and the check is eventually forgotten about.

A lot of business owners do not know that when it comes to a NSF check there are many services available to assist in the collection of or avoiding a bad check in the first place. For instance, there are a number of check collection services available. Each check collection agency can vary greatly in the extent to which they will go to collect on a bad check which means the service levels and success rates of these collection services can vary immensely. In addition to collecting on bounced checks, there are services available that are designed to help you avoid getting a bad check in the first place like check verification service, check guarantee, and ACH services. The only problem with many of these services is that for a lot of merchants the number of bad check they receive (along with the bad check or returned check fees that are levied) do not outweigh the cost to set up and maintain the service. So what is a small business owner to do in order avoid the headache and cost of accepting a bad check while not wanting to refuse a customer their preferred method of payment? First let’s look at what a check collection agency is and what they do to collect on a bad check.

What is a check collection agency?  How will they get your money?
What is a check collection agency? How will they get your money?

So what is a check collection agency?

Many business owners who are frustrated with being on the receiving end of a bounced check do not know that there are services available to assist in recovering the funds for the bad check. A check collection agency is a company who has returned checks routed directly to them so that they can take the appropriate steps to recover the funds directly from the check writer. Check collection services can vary greatly in the efforts that are put forth to collect on a bad check. Some check collection agencies will only utilize the ACH network to automatically resubmit the bad check a few times. The theory behind this is that most bad checks are written as an honest mistake and chances are that the funds will be available a few days after the check was initially presented. For many check collection agency companies out there, the service will stop there with a very small percentage of bad check purchases are ever collected on. Other check collection services keep a full staff of professionals who are trained to diplomatically deal with the check writer and collect on the funds owed. Sometimes check collection services will maintain a full legal staff who can pursue writers of NSF checks that are being evasive and take legal action if necessary. One very common thread amongst them all is that there is a cost for the check collection service. Not only do most check collection services require a monthly fee but they will also claim a percentage of the face value of the check. This can lead many merchants to attempt to collect on the bad check that was presented and simply move on if after a few attempts they are not successful.

Do you have time to chase your money and collect on a bad check?
Do you have time to chase your money and collect on a bad check?

Why do so many merchants try collecting on NSF checks on their own?

One reason many business owners choose to try and chase down a bounced check on their own is because they do not want their much valued customers being handled by a “collection agency”. Ensuring that your check collection service is run in a professional and courteous manner by a company who has experience can relieve this concern. Alternately, many merchants do not use a collection service because most check collection services will not only pay the business owner only a portion of the check’s face value, taking up to 60% of the value of the check for their service, but, many charge additional account setup and/or maintenance fees. These concerns and costs have led many businesses to refuse to accept checks and potentially lose sales as a result.

So there has to be a better way to accept checks with confidence and collect on a bad check right?
So there has to be a better way to accept checks with confidence and collect on a bad check right?

So there has to be a better way to accept checks with confidence and collect on a bad check right?

Well the Merchant Doctor has a better solution for frustrated business owners! They just announced that they are happy to offer ANY business - the capability to collect on NSF checks and receive 100% of the bad check’s face value when it is collected on - absolutely free of charge!

Their team of professionals happily offers ANY business the capability to collect on a NSF check and receive 100% of the bad check face value, when it is collected on, for free. They offer this service absolutely free of obligation or commitment to other services that they offer. Their state of the art check collection service goes the extra mile to collect on all bad checks. For every bad check that is returned they:

-Receive the NSF check directly from the Federal Reserve
-The check writers information is reported to the National Check Verification system to prevent the Check Writer from writing another bad check
-The NSF check will be electronically represented multiple times
-The check writer will receive calls from the polite and professional check collection staff
-A full skip trace investigation is completed
-A series of letters presented and signed by a legal team with additional actions taken if necessary
-Merchants have full access to the check collection efforts by accessing real time data including images of the bad check, steps taken to collect, and the results of those steps.


These extra steps enable the Merchant Doctor NSF check collection service to collect on a higher percentage of bad checks.

For businesses that are interested in obtaining a state of the art check collection service that is 100% free simply contact the Merchant Doctor on their website at www.merchantdoctor.net. With over 15 years in the payment processing industry the Merchant Doctor has established itself with uncompromising service, guaranteed rates, and as acting as an advocate for the business owner. This check collection service has been so popular with its current clients that they are pleased to open up this needed free service to all businesses who need to collect on NSF checks.

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