Though there are laws in place to protect companies, as well as warnings posted about writing bad checks or drawing out insufficient funds, bounced checks can be a massive source of frustrations for a small business. Dealing with bad checks can become very complicated in a world that revolves around electronic payment options and recurring financial commitments, especially when your business doesn’t have the appropriate staff to handle such things. Though many instances of bad checks are tied to written errors rather than malicious intent, electronic check recovery is a frustrating process for those without the education or financial means to efficiently get their money back.
Many big businesses are equipped with the resources necessary to pursue the recovery of funds that smaller companies aren’t able to afford. Smaller organizations are stuck spending more time and money to conduct their own electronic check recovery which could potentially harm their financial standing even more. Whereas a larger franchise may have enough instances of NSF checks to meet the minimum requirements of a private collection agency, a brand new startup may not qualify for such services or the fees expected from an agency could exceed the funds ultimately recovered.
Global Check Recovery provides an avenue for the small business to purse their lost funds without experiencing additional loss in the process. By not charging any fees for our electronic check recovery services, we make it possible for newer companies to retrieve their hard earned money and get back on track with their finances worry free. We require no minimum number of NSF checks needed for assistance so we’ll retrieve your lost funds whether you’re impacted by one or one-hundred! Rather than having to pay for the time and services of a private agency, it’s entirely possible to eliminate the related costs and improve your success rate in recovering hard earned money.
Small businesses tend to be more limited in operating expenses and even a small loss can make a huge impact on daily operations. Despite more and more people transitioning to digital payments, whether they are through a credit card or smartphone app, it’s hard to reject the check, an old and trusted form of payment. It’s ultimately up to the business to determine if they are willing to take the risk with personal checks, but electronic check recovery services can help to take the worry out of accepting check payments.
Global Check Recovery makes electronic check recovery even more effective by working from virtually anywhere to track down and retrieve uncollected funds. Contact us today to get your finances back on track and be on the road to a successful startup!