InsuraCheck VIRGINIA - FAQs

How much does the system "really" cost? 
    For the MERCHANT, absolutely NOTHING!  There are NO setup fees,
    NO startup fees, NO equipment fees, NO "percentage" of check(s)
    collected fees, NO one-time fees, and NO recurring monthly fees.
    Although we have many other services available, the bad/bounced/nsf
    check collection service is Completely FREE!

Then, how do "YOU" get paid? 
     We are paid from the one-time state approved fee that is charged
     to the bad Check Writer in accordance with the state's NACHA Rules,
     Commercial Codes & Regulations.  This is why we can offer this FREE
     check collection service to any merchant, big or small. 

Is "Electronic Check Collection" legal? 
     YES.  This process was approved by the National Automated Clearing
     House (NACHA) on March 10, 1998.  We are governed and monitored
     by their high standards.  This is the same system your bank uses!

What do I get with the "FREE" service? 
     PLENTY.  Don't let the "NO Cost to Merchant" fool you.  You get
     "FREE" Electronic Check Collection of 100% face value of each check. 
     Electronic checks are paid before paper checks.  You get "FREE
     Secondary or Traditional" Check Collection by our staff attorneys.  So
     no extra expense to the merchant.  You get a "REBATE" on ALL checks
     collected, which provides residual income.  Finally, No more "chasing"
     checks.  So, you get the "FREEDOM" to do what you originally got into
     business to do - YOUR BUSINESS!

Do you handle "Out-of-State"checks? 
     YES, we process and collect bad checks in all 50 states. Just get the
      same Check Writer information as you would get from a local customer.
      Your check(s) will be handled just as efficiently whether it's local or
      out-of-state.  

Is there a "Minimum or Maximum" number of checks I need
to have collected? What is the "Maximum Dollar" amount per check? 
     NO.  We process any volume of checks submitted at no additional cost.
     Whether you have one bad check every 6 mos. or a 100 bad checks a
     month.  After enrollment, we'll silently collect without your further
     involvement. The maximum dollar amounts for personal or business
     (commercial) checks is $2,500.00/each.  For Business (commercial)
     checks over $2,500 on a case-by-case basis - call the office.

Are there any checks you can't collect?
     YES.  We can't collect on drafts drawn on a federal/state/local
     government, USPS money orders, foreign currency checks, 3rd party
     checks, unsigned checks or checks over 180 days old. Although we will 
     attempt traditional secondary collection on checks over 180 days old. 

How can I check the status of a check? 
     Reports are sent out weekly by Fax or E-mail.  Of course, you may
     always call regarding a particular check or with questions. (866-268-0030)

IF I have a question, who do I contact? 
     You may always contact us at 866-268-0030.