A Food Marketing Institute (FMI) study identified checks as being the least expensive form of payment… even cheaper than cash! However, banks continue to increase the fees merchants are charged for bounced checks. CybrCollect can help! ExpressReturns eliminates bank bounce fees and expedites the routing of bounced checks for only $2 per item.
Why Choose the ExpressReturns Option?
When a merchant signs up for CybrCollect with the ExpressReturns option they purchase our special endorsement stamp, which routes your bounced checks directly to our bank instead of yours.* This eliminates your bank bounce fees — as your bounced checks no longer go back to your bank — and expedites your returns to us. With ExpressReturns, we receive your bounces the same day that they would have been received by your bank — eliminating up to a week or more of bank routing. We debit your account for the face value of the check along with our $2 bounce fee. Lastly, statistics show that a seven day improvement in the time it takes to begin collections increases overall collectability 10%.
Are you in the business of creating profits for your bank or YOURSELF?
Sign-up for CybrCollect's ExpressReturns service today and use our specially designed endorsement stamp to…
Eliminate bank bounce fees!
Realize a savings of $3 to $38 per bounced check!
enjoy CybrCollect's LOW capped bounce fee of $2!
Enjoy CybrCollect's LOW $2electronic return fee!
Route your return checks to us 5 to 7 days sooner! For a 10% improvement in collectability.
Experience faster notification of activity—knowing about bad checks sooner puts you in a better position to not accept multiple checks from bad checkwriters.
This stamp replaces your current deposit stamp on checks less than $2500. Your current bank deposit information remains unchanged while CybrCollect's bank return information is added. This unique stamp notifies the Federal Reserve that — in the case of a return — this item should be sent CybrCollect's bank. All you need to do is sign-up and purchase a new endorsement stamp for $18 each.*
*If you use register endorsement there will be no additional charge for this service.
