PAPER CHECK TRANSACTION
A customer's paper check is run through a check reader or imager and the amount of the sale is entered into the terminal. When the transaction is approved, an authorization receipt will print for the customer to sign. The check is automatically stamped as ACH APPROVED and can be given, along with a copy of the receipt, back to the customer for his or her records. You are funded within 48 hours.
FiNet's Virtual Terminal provides a web-based solution that processes electronic check payments. Transactions can be entered either by customers through the internet using a shopping cart or by you through the Virtual Terminal interface. Additionally, if you have customers that purchase goods on a regular basis, a recurring billing can be set up in the Virtual Terminal, eliminating invoicing and trips to the bank.