Check Conversion & Guarantee Program
The Check is also the receipt

The Check Guarantee Program by AMG is really the best program available on the market today for merchants who want to utilize check processing. Especially if the merchant accepts a lot of checks from a lot of people you just don't know.

Enables merchants to Accept and Process Checks similar to a credit card transaction. It also works in almost the same exact way as well. For this program, the check writer will need to be at the Store Location to make this a Face-to-Face transaction. The check would read in the amount of the transaction and be written out to the merchant.

Step-By-Step

1. Merchant will swipe check through a check reader and input driver’s license # and amount of sale. 2. If transaction is approved a duplicate receipt will print and consumer completes receipt. 3. The check is stamped “ACH Processed” and check along with the receipt are handed back to the consumer. 4. AMG will fund the merchant on transaction in 48-72 hours – similar to a credit card. (Consumer still experiences a 2 day float) 5. Merchant will not be charged back for any returned checks. (As long as proper procedures were followed)

What is Guaranteed and how?

Each and every transaction that a check is written. AMG funds the merchant with their
own money, before they know if the check has cleared. AMG will call the merchant and ask
for a copy of the signed receipt. (see right) If the merchant is using a check imager, they will simply use the data on the check image, without having to call the merchant. Merchant is still required to obtain required info and keep the receipt on file. If the check does not clear, AMG is
responsible for collecting the funds from the check writer (As long as merchant follows requirements).