ACH Check Card
ACH Check Cards offer improved customer convenience and up to an 80% savings on credit card transaction fees.
- Customers sign up for the service right in the store. One of the customer’s checks is passed through a Check Reader; Midax takes this information and validates it against a national bad check database to check for past problems. Once the check has been approved the customer swipes their Driver’s License through the store’s Bankcard Terminal where Midax extracts the information needed to create a new account. The customer then selects a PIN and the card is ready for use.
- At the end of each day all Electronic Check transactions are automatically processed and most transactions deposited the next day in the retailer’s account. If any of the Electronic Checks are declined they are turned over for collections automatically. The information on the declined check is then stored in the system to stop all stores from accepting future transactions until the account is settled.
- In order to encourage customers to use Check Cards many retailers offer the customers a small discount. The savings on Check Cards are so dramatic that the retailer will show significant savings even after providing the discount.
Video available: Midax Additional Payment Options at the Pump
