24-p Merchant Services

24-p - for the merchant...

The most popular payment method for online transactions presently is Credit Cards even though this system has inherent problems of security and fraud. However, approximately 80 million US consumers do not even possess a credit card, which means that online businesses lose millions of dollars in lost sales every year because quite simply, they are unable to do business with this huge section of the consumer marketplace. In the US, the preferred non cash payment method is still the Check, demonstrating that people prefer to pay by check over credit and debit cards.

Up to now, the problem has been that online businesses have had no real alternative to offer the consumer, as credit card payment has always been considered to be the norm and simplest solution. 24-p is redefining all of the rules.

Why 24-p makes perfect sense for merchants..

1

Any return for NSF not settled by the account holder within 30 days immediately attracts up to 3x the value of transaction, and becomes immediately collectable.
2

24-p provides images of all returned items independent of the Merchant's bank.
3

24-p processes highly favor the merchant, and significantly reduces overhea
4

No reserve or security required on 99.9% of accounts.
5

Merchants can forecast operating costs of their business. Accounting modules provided in gateway
6

Returns are only possible for insufficient funds (NSF) or fraud.
7

Full reporting gateway English (with Spanish coming soon).
8

No Chargebacks
9

Low rates
10

Fast Settlement times, usually 0-1 days.
11

This is NOT another ACH Solution
12

Government agencies have already signed up to this service - endorsing the validity of this product.
13

24-p accesses 15% more consumer accounts and up to 80% more business accounts than any other check processing model meaning access to a greater client base.
14

More customers, more sales. Anyone who has any kind of bank account in the USA can use 24-p to make payment.

Why 24-p?

What is the Difference...

How much thought have you ever really given to credit card payment schemes and what do they really mean to a merchant?

Clearly there are benefits to merchants who accept the multitude of different cards types in the course of their day to day business. With the conveniences afforded by that small piece of ready to use plastic, can there possibly be any downside? Lets explore the the real nature of credit card schemes...

The upsides:

1

You believe that credit cards are the largest non-cash payment method currently utilized today.
2

Card holders can gain points or rewards on their cards which encourages them to spend spend spend.
3

There are facilities which allow for all manner of payment environments, both card present and card not present - clearly this product is versatile.
4

There is an abundance of different providers to choose from, and so you can be assured of competitive rates.
5

The card holder does not have to clear their credit card debt until the end of the month, unless they have a minimum repayment model which allows them greater time to repay.
6

Payment appears to be quite rapid with merchants getting their funds within a very short period.
7

Any business worth its salt has a merchant account accepting all credit cards.
8

Immediate authorization codes means that the merchant is guaranteed to get their money.
9

Many people carry credit cards and enjoy the convenience of having them to hand. This is clearly a winner for merchants.

However, did you know as a merchant you are the one who gets penalized almost exclusively, and here is how they do it:

A merchant is only guaranteed their funds IF the client does not charge back the transaction. Clients chargeback for many different reasons, from being unhappy with the service, to simply not recognizing the transaction on their statement. They can do for typically up to 6 months, but as many as two years!

Banks make it all too easy now for clients to dispute a transaction and then you the merchant has to fight to prove the transaction was legitimate and that the money is rightfully yours. All the time, the funds sit in the client's account and not yours!

Although the payment appears rapid, you will see that in reality, cleared funds are not available for several days.

You feel that you may get a fair 'discount' rate - maybe 1.9%, for example. Did you know that this rate only applies to those transactions which 'qualify' for this rate? In fact only about 5% of all cards will attract the rate at the top of your agreement - all the others will be 'mid' or 'non' qualified and therefore you can expect to pay as much as 4% in some cases. This is a fact. There are 86 pages of different card types in the USA today. Corporate cards, business cards, rewards cards . . be wary of them because these are the ones that cost you.

As a business taking credit cards, you cannot forecast your budget, because you simply have no idea what your fees are going to be each month. It's simply impossible.

Merchant website or Call Center captures transaction data.

24-p receives data and generates
X9.37 image (RCC).

Federal Reserve receives aggregate batch then debits account holder′s bank and credits Merchant′s bank.

How does it work?

About 24-p

In Just 5 Simple Steps

Cleared funds available in 0 - 1 days.

24-p debits merchant′s account for acquiring charges 48 hours after initial presentation of transaction.

Merchant′s Bank

Integration Methods

Both XML API and Virtual Terminal available.
Simple HTML single webpage script available.
OS Commerce module.

Refund Options

Merchant can make their own refund / rebate arrangements or 24-p can provide this service through our secure check production center. It works with any bank in the USA. API function as well as manual.

Merchants can batch upload all out-going payments which will be dispatched in physical check format on highest security check stock.
Auto Email notification of refund to clients so they know when a refund has been dispatched.

A Typical Schematic for Larger Companies

Useful Information

How much does it cost?

About CheckSavers

The model is priced as follows...

Competitively priced transaction and discount rates to save you money.
NO charges for declines.
Fraud scrubbing (includes Star ATM, negative check writers database, check current open status of account, check positive balance) - From $0.15 this is priced at cost and therefore is not negotiable. This service is optional.
Returns typically cost $15.00, made up of: - Bank's direct cost (not 24-p). - 24-p processing fee of $3.00.
24-p offers a FREE collection service paying 75% or more of the face value of the check to merchant upon collection.
Transaction payment guarantee is available these are charged at a discount rate to be determined on a case by case basis. See next column.
24-p debits merchant’s account for acquiring charges 48 hours after initial presentation of transaction.
Refunds cost are low. The 24-p refund mechanism is robust and can also be used as a bill pay tool.

Payment Guarantee

1

We have found that taking the pain away from unscrupulous clients making chargebacks or writing bad checks is what our clients wanted, and so we are proud to bring you this very effective and valuable service.
2

This means, even if there is NO money in their account, you STILL get paid. And what's more, you don't have to do anything to get this money.
3

As long as we reveal the check writer to have no bad history, we will underwrite that check, and then no matter what happens, you will get your money.
4

This service will check your client's bank account to assess if the person is a known bad check writer. If the system reveals your client has a history of writing bad checks, then we won't even allow you to take payment from them, so that you don get stuck with a bad payment.
5

For a small additional fee, we can guarantee that you will get your money.
6

24-p now provides a payment guarantee service.

System Features

Making a check payment through CheckSavers

1

Importing Data from QuickBooks

Simplify the setting up of your account by importing data from QuickBooks.
2

Adding Payees

Add an individual or a company as a one-time Payee or to schedule multiple payments.
3

Adding Bank Accounts

Add your bank accounts to your profile so money goes from the account you specify saving you moving money around.
4

Making payments

Make single or recurring scheduled payments, or Cancel pending payments.

Inquire Now

24-p vs Other Brands

Comparison Products

24-p vs Other Brands
Check Services
Processing Method	Check 21	ACH	ACH	ACH
Funds Deposited	o - 1 days	3 - 7 days	3 - 7 days	3 - 7 days
Administrative Returns	No	Yes	Yes	Yes
Chargebacks	Limited	Yes	Yes	Yes
Business Checks	Yes	No	No	No
Accepted by all US Banks	Yes	No	No	No
Customer Data Verify	Yes	Limited	No	Optional/Limited
New user Instant Credit	Yes	Limited	No	No
Integrated Collections	Yes	Limited	No	No
Payment Guarantee	Optional	No	No	Optional/Limited
Governing	UCC	NACHA	NACHA	NACHA

Note: Additionally, 24-p works with 15% more checking accounts than ACH, and up to 80% more Business accounts than ACH.

Sign Up Now

Payment Scheme Comparisons

Comparison Products

Payment Schemes
Collections	Yes	No	No
Online	Yes	Difficult	Yes
Project Acquiring Costs	Yes	No	No
No Chargeback Fines	Yes	No	No
No Account Termination	Yes	No	No
Minimal Chargeback Risk	Yes	No	No
Full Payment Guarantee	*Yes	No	No
Funds Deposited	0 - 1 days	3 - 7 days	1 - 4 days
Returns Period	30 days	180 days	2 years
Returns Supports	Merchant	Consumer	Consumer
Governing	UCC	NACHA	Scheme Rules
Returns Paperwork		Merchant	Merchant
Connectivity Benefits	Direct to Federal Reserve	Bank and ACH	2 banks and card scheme networks
Returns Supplied in	Less than 30 days	Up to 180 days	Up to 2 years

Payment Schemes

Collections

Online

Difficult

Project Acquiring Costs

No Chargeback Fines

No Account Termination

Minimal Chargeback Risk

Full Payment Guarantee

Funds Deposited

0 - 1 days

3 - 7 days

1 - 4 days

Returns Period

30 days

180 days

2 years

Returns Supports

Merchant

Consumer

Governing

UCC

NACHA

Scheme Rules

Returns Paperwork

Merchant

Connectivity Benefits

Direct to Federal Reserve

Bank and ACH

2 banks and card scheme networks

Returns Supplied in

Less than 30 days

Up to 180 days

Up to 2 years

Note: *Optional

The Benefits for you

Payments like a credit card but with none of the drawbacks!

What 24-p can offer your business

1

Only some of the numerous benefits...

Customer Reach

CheckSavers can debit every US checking account - in some cases even those accounts that ACH cannot debit. Such accounts include accounts at many Credit Unions, S&Ls, Small Banks, Brokerage Accounts, Business Accounts and Credit Card Check Accounts. In fact, CheckSavers will give you access to more customers than any other single payment method.
2

Only some of the numerous benefits...

Limited Chargeback

One of the biggest problems with Credit Card usage is fraudulent use where a customer denies ever receiving goods or placing the order. With CheckSavers, customers cannot simply chargeback, so merchants can be much more confident about sales
3

Only some of the numerous benefits...

Improved Cash Flow - Cleared Funds in 2 days

Want money from your sales faster? CheckSavers provides the cleared funds within 24-48 hours in your account. With faster clearing and availability, the merchant's risk is reduced and cash flow is improved.
4

Only some of the numerous benefits...

Extensive Fraud Checks

CheckSavers incorporates extensive fraud control tools including identity validation, funds verification and payment guarantee for every transaction.
5

Only some of the numerous benefits...

Reduced Risk

CheckSavers payment items are created, file formatted and submitted in near "real time". Check image files clear much faster than ACH eCheck transactions. With faster clearing, the merchants risk is reduced.
6

Only some of the numerous benefits...

Significant savings on every transaction

CheckSavers saves you money on every transaction - significant savings with lower per transaction discount rates starting from as little as 0.2%. Some transaction carry a per transaction fee only*

* Certain industries carry a per transaction fee only due to the mandated cost of acquiring being passed onto consumers - E.G. Government Taxation bodies (DMV, etc).

Who's using 24-p?

Useful Information

Top uses for 24-p Business

Paying Employees' salary (paycheck)

Businesses to Business Payments, including paying your suppliers and service providers

Scheduled payment of Insurances

Scheduled payment of Professional memberships and other subscriptions

Payment for Professional Business Services - Lawyers, Accountants

Airline Ticket Payment

Hotel Bills

One off Payments for large purchases

Payment of taxes

Top uses for 24-p Personal

1

"Other" Payment to other individuals
2

Payment of Taxes
3

Payment to private sellers for your Ebay Purchase
4

Payment for purchase of White Goods and other Retail goods.
5

Payment to Business for services or product purchase
6

Scheduled payments for subscriptions and memberships
7

Scheduled Payments - including Education Fees for your children, insurances, rent, loan repayments ...
8

Bill payment

Main menu

User menu

Menu site

24-p Merchant Services

Why 24-p makes perfect sense for merchants..

Why 24-p?

The upsides:

A Typical Schematic for Larger Companies

How much does it cost?

24-p vs Other Brands

Payment Scheme Comparisons

Top uses for 24-p Business

Menu site

Main menu

User menu

Menu site

24-p Merchant Services

Why 24-p makes perfect sense for merchants..

Why 24-p?

The upsides:

A Typical Schematic for Larger Companies

24-p Processing

YES

How much does it cost?

24-p vs Other Brands

Payment Scheme Comparisons

Top uses for 24-p Business