Checking ID-
Checking ID is the first step to be done. It is an important step. When one verifies the identification of the cheque writer, it helps one know whether or not the one writing the cheque is the same person owning the account. Keep a note of the address on the ID to ensure if the address is same as the one on the cheque. However, it need not be a bad cheque if the addresses do not match up.
Information-
Gather contact information and make sure that the information provided is legitimate. This is an important aspect of the whole deal. The cheque needs to have all the updated information of the writer of the cheque. This is important. Make sure that the latest necessary information in included in the cheque. The first step, in case of some payment error or in case of some error with the cheque, is to contact the customer as it can be just an honest mistake on part of the consumer. In case it is otherwise, write a letter to the same informing about any legal action that you may be planing to take.
Merchant accounts-
Making use of merchant accounts, enabling accepting payments online, is a relatively easy and safe option to avoid the hassle of bad cheques or cheques that are susceptible to bouncing. When paired with a whole payment system, the account enables the acceptance of recurring payments. This is extremely beneficial for businesses which provide services for which payments are to be made periodically, but on a regular basis.
For merchant account and Chargeback reduction, consider Noire Pay.
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