Quote:
Originally posted by WTS_andy
You can expect to settle appx 65%-70% of the initial check signups through WTS.
Plus, any of the bad checks that come back, we have an in-house collections dep't that goes after them. Typically, we'll collect on appx 33% of those that we go after. So, you can add another 10% to your collections..... = collect on 75%-80% of your signups! NO other processor can make these claims... ;-)
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With all due respect, and I am sure that you were not aware of this because this is not something that we openly or publicly advertise, but CCBill can
absolutely match the claim that our clients are collecting 75%-80% or more of their initial online check sales
In fact, I noticed that the site that newbreed is advertising in his signature, arikaames.com, is a site that is using CCBill for their online check processing and I invite them to post their online check return stats for just initial sales, or all sales, for the past month, 3 months, or since the beginning of the year. Although I am tempted to mention the return %, I will not do so, but will mention that on new sales, it is
considerably under 20%
We have a very elaborate check scrubbing system that we are constantly making improvements on. No system currently on the market is 100% infallible, online check transactions do not have the luxury of a real-time central clearinghouse like credit cards.
That said, WTS appears to be a established, well run company and I would not have posted on this thread if I was not so proud of our online check system. ;)