What’s the catch?
There is NO CATCH. Your money is GUARANTEED with NO recourse to you. Plans available up to $5,000.
What’s in it for me?
Increased REVENUE from customers unable to afford your service or product in the past and retention of existing customers. Customers not able to qualify for financial programs involving a credit check will have an opportunity to say “YES” to you. No financial risk and full payment electronically deposited in your account via ACH. You will not carry the loan; you will not await payment and you will not have to make collection calls or send statements. Patient qualification is simple and fast and the 90-day NO CREDIT CHECK approval rate is over 95%. Use the “Missing Sales” tab worksheet, to determine how much you will gain with this program.
How much will it cost me?
Others using these programs, cover the monthly costs using the money from new sales. You may “try” before you buy, rent, purchase or use one of the fully tax-deductible lease plans. Other costs include: monthly statement fee $5 -$10 depending on the payment program selected, a monthly minimum check processing fee $17.50 and an equipment insurance fee of $14.95. The insurance fee is strongly suggested; you may use your own equipment insurance plan. A one-time initial set-up fee of $320 will be charged to check your credit, establish and implement your check guarantee and merchant services account and equipment training. Approval of your application occurs in one business day or less.
How does it work?
Your customer completes a short application which requires, name, address, telephone number, bank data, social security number and photo ID. For loans over $1,500, proof of employment is required. Approval takes about 3 minutes. Once approved, the customer’s checks are digitized and the terminal prints a detailed receipt for the customer which they sign allowing for ACH funds transfer to your account. You return the original checks to your customer. Collection issues are NO LONGER YOUR RESPONSIBILITY. Only one 90-day loan may be open at a time. Once paid, your customer may reapply.
How long have these companies been in business?
The check verification companies securing and ensuring payment to you and the equipment leasing companies supplying the two pieces of equipment you require, have been in business over 20 years.
What are the customer requirements?
Valid checking account; no outstanding UNPAID bounced checks; photo ID. For loans over $1,500, proof of employment.
