“About 65 percent of our customers pay by check, with the average cost being around $400. So, when a check is returned for non-sufficient funds, that’s a pretty significant hit for us. Electric Checks makes it easy to redeposit checks while saving us an uncomfortable phone call to the customer to let them know their check was returned. Plus the recovery rate is phenomenal. In the three years since we’ve been using Electric Checks, we’ve only had one check we haven’t been able to collect and that was because the person closed their account. Electric Checks makes what can be a time-consuming and costly process easy and you can get any more affordable than FREE.”
Bill Bundeff, Franchise Owner, 1800-GOT-JUNK, Massachusetts and Rhode Island
“With the price of oil so high these days, filling up the average tank can cost anywhere from $500 on up. So, if a check gets returned and we can’t collect, that’s an awful lot of money out of our pocket. Especially when you consider that 50 percent of our customers pay by check. At absolutely no charge to us, Electric Checks has been able to collect funds on 95 percent of the returned checks. They’re very professional and make it really easy to check the status of a returned check online. You absolutely can’t go wrong using this outstanding service, which is why we’ve referred Electric Checks to many of our customer and vendors.”
Sondra Fabiano, President, Tri-Boro Oil, Walpole, Massachusetts
“I've been using Electric Checks since 2003 and the service has always been quick and courteous. I would say we've had about an 80 percent to 85 percent collection rate on the NSF's we've tried to process. I don't do a ton of checks, but when I do have a bad check Electric Checks makes it easy to try to collect on them. I would highly recommend their services.”
Karen Czachowski, City Liquors, Lakeland, Florida
“We started using Electric Checks in 2004. We sell sports memorabilia plaques door-to-door in cities all over the U.S. and about 75 percent of our customers pay by check. That means we’re on the road a lot and an NSF can be a major headache. We use Electric Checks about 15 to 25 times per year and have a collection rate of about 90 percent. Besides an excellent collection rate, Electric Checks makes it very easy to check the status of NSF checks online, another big advantage when you travel as often as we do.”
Marcel Chevrefils, Pictureguys.com, Niagara Falls, New York