Most businesses have to deal with being paid with bad checks from time to time. Unfortunately, this is just part of being in business, and the alternative option of refusing to take checks will likely cost you more money than it saves. A good check recovery service can go a long way in helping you to save some money. Here is a list of a few things you should look for in such a service.
Find a Service with Very Few Extra Fees
When it comes to collecting on bad checks, many services will attempt to add additional fees to your normal payments. Avoid services that add setup fees or monthly or annual fees. By avoiding this additional cost, you can keep more of the money that is collected on bad checks.
Avoid Services that Have Minimums
Many of these services will require you to send a minimum number of checks, and if you do not have enough checks to send, the service really will not help you out very much. Choose a service that does not require any sort of minimum so you can avoid this hassle.
Make Sure it Can Collect on Out of State Checks
Some people who write bad checks might be travelling or simply be from another state. Make sure that you find a service that will be able to collect on checks even if the customer lives in another state entirely. This will help you to collect on even more bad checks that you receive in your business.
These are just a few examples of things that you ought to look for. As with anything else, make sure you research the company so that you are not paying extra for things that you don’t need.