As a business owner, when you receive a bounced check, you know the amount of time it will take to rectify the situation. Chances are you won’t have that time, nor will you have the money to cover the damaging results of bounced checks. Missed payroll, late payments, and a myriad of other financial woes often befall businesses and organizations when they receive bounced checks. Those whose businesses have received bounced checks know exactly how time-consuming and damaging they can be. If you have received your first one or never have received one, you might not be sure if you should contact a check collection agency or attempt check representment yourself.
There are some things about doing check representment yourself that you should know. Performing check representment yourself is often time-consuming and, more often than not, unsuccessful. The process can become even more complicated if you are trying to remedy issues caused by multiple checks. The old adage, “Time is money,” becomes shockingly prescient when your time is wasted in an effort to recover funds.
There is an easy way to avoid the headaches and complications of trying check representment on your own. Global Check Recovery is a dedicated check recovery agency that specializes in electronic check representment. Electronic check representment is a process by which checks are represented to the bank electronically. This technique eliminates time-consuming phone calls with the bank, and is timed so that your check’s recovery success is much higher than trying to do it yourself. We help provide you with peace of mind with our online reporting, which gives you real-time updates on our progess.
When you sign up for our services, you will be provided with an account manager. This account manager will stay in complete communication with you and your accounting department. While many check collection agencies require a minimum number of checks, we can process any number of checks, as long as the total amount is less than $2,500 and the checks are less than 180 days old.
Since businesses are already under financial stress when trying to recovery funds from a bounced check, we provide our services to you absolutely free. We do not ask for set up fees, service fees, or monthly membership fees. Simply contact us via our handy online form and we’ll handle the rest.