This product is for USA Business check scans, they are VOIDED CHECKS, they are NOT from a recent transaction, these are the void check copies that are given to the merchant credit card processing accounts when the business applied for their merchant account!
REPLACEMENTS ONLY IF THE ACCOUNT # IS INVALID! (When in doubt, call the bank!)
Since these are void checks, theres no guess as to the average amount they write, or amount in the bank, but they are businesses, so they should have a fair amount of funds. If you want to be sure, just call their bank, and tell them this person wrote you a check for x amount, and you want to make sure it will clear and that it is a good check. They’ll ask you for the amount and check info/account number, and should be able to give you a yes or a no. Otherwise if you have a merchant account number you can call merchant check authorization phone number and use automated system to verify.
What can I do with these?
–Use the account+routing number for topping up/paying balance on credit card, opening deposit for bank drop, deposit for secured credit card, phone bill payments, e-check merchants, etc. Anything you can use a bank account and routing number for.
–You can still use and edit for mobile deposit, but keep in mind they will most likely get your bank drop charged back a little sooner than if you had the most recent check # and signature. I’ve successfully deposited 1-2k from some, and ive also had some get held for review and not hit the drop. It’s a gamble, keep that in mind. The older and stronger the drop, the less you need to worry about it. Perfect for a drop used for a processor that is going to get hit with chargebacks soon, to finish her off.
(Keep in mind, every fraudulent check you mobile deposit regardless of correct signature, date and check number, WILL burn your drop, I don’t care what mastersplinter tells you, I know this for fact, if the account holder of a fraudulent check notices the transaction (and 9 times outta 10 they will), all they have to do is call their bank and they WILL reverse it. The ONLY benefit of having the date, and check number on your check scan is for reference and to help it take just a LITTLE bit longer for chargeback. Ultimately in any situation it all comes down to how quick the account holder notices, and how quick they reverse it with their bank)