Paper checks are in decline, but they remain an important part of the US payments landscape. Many businesses want to accept checks with a bit more confidence so we have several options for business owners to consider. Keep in mind that not all businesses need these various services!
If you are a business owner who accepts checks and does not have a challenge with checks being returned to you, you will not need to spend the money on a guarantee program. Likewise, if you're a merchant who only takes a few checks and running to your financial institution with your deposits is no big deal, the conversion product would not be for you!
It is important to weigh the costs before adding the additional expense of check services. At TMC, we are committed to making sure we only sell you the products and services that are right for your business!