Check Services

Check21

Check21 enables merchants to create a virtual check (“Print Demand Draft”, “Check21 Demand Draft”) using their customer’s bank account information. This virtual check is then verified, at the request of the merchant, against GRAYPAY’s three-tier check verification system.

Once verification has been completed GRAYPAY provides the depository bank with the proper transaction information. The transaction information is sent within a GRAYPAY file direct to the bank. The process does not require a physical check to be presented and scanned by the merchant. That process is done internally on behalf of the merchant by GRAYPAY.

This process reduces the amount of returned items, chargeback’s, and allows the merchant to receive his/her funds within the same business day depending on the relationship the merchant has with his/her bank.

Some of the benefits of using the GRAYPAY Check21 system are:

  • Same-day funds availability if transaction occurs before 6PM EST at a minimal surcharge.
  • Faster notification of returned items (1 business day vs. 7-10 days in paper form).
  • Lowers the amount of monthly chargeback’s.
  • Direct Merchant-to-Bank transaction submissions. Funds are strictly controlled by the merchant and their participating bank.
  • Negative check database and funds verification of transactions both automated and manual.
  • Direct-to-Fed Line allows for the acceleration of check clearing.
  • Automated method to capture the dollar amount on the check and reduce entry time and errors.
  • Eliminates the need to stand in line at your local bank.
  • Ability to access and retrieve check data, images, and payment status 24 hours a day 7 days a week.

E-Check

GRAYPAY’s E-Check payment solution enables online and traditional merchants to accept and process electronic check payments directly from their Web site’s storefront or through the Virtual Terminal.

GRAYPAY Offers

GRAYPAY provides the technology, support, and resources to deliver a complete payment processing solution for merchants of all sizes and types.

By partnering with GRAYPAY, you gain the strength and flexibility of our industry leading technologies, plus comprehensive client support by payment industry professionals.  Our team of payment industry veterans partner with businesses to optimize their payment processing capabilities through technology and innovation.

Benefits Include:

  • Domestic and International Processing Support
  • Advanced Fraud Prevention Tools
  • Payer Authentication Services
  • Advanced Reporting
  • Competitive Pricing
  • Quick and Easy Integration

Support:

  • Access transaction reports in real-time
  • View reporting for multiple merchant accounts through one login
  • Securely download transaction data in multiple formats
  • 24/7 support through your relationship manager
  • Historical data available for previous 24 months
  • Custom Reporting
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