Check Acceptance

What is a chargeback and what happens when it occurs?

In the case of electronic payment processing, check writers have 60 days to claim a transaction as an unauthorized charge. If a transaction is claimed as unauthorized, TeleCheck will research the dispute and attempt to resolve it with the check-writer’s bank. In doing so, TeleCheck may request a copy of the signed TeleCheck ECA receipt from you.

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How will the TeleCheck ECA service affect the consumer?

The TeleCheck ECA service benefits the consumer by returning their paper check to them immediately—and the private information contained on the check. Your check-writing consumers will generally still have the same amount of time before their check is presented to their bank (about two days). The electronic transaction will appear on their bank statement, with the date the check cleared,…

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