Quote:
Originally Posted by BV
Yes, in fact, at least 1/3 rd of on line check transactions do get returned. (or never get thru) depending on the biller used.
However, the remaining 70% have about double the retention rate of credit card signups.
Simple fact is, you are leaving money on the table if you don't do it. Roughly about 5% more of what you're grossing without it.
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Did you try it without checks to compare? 5% more would be nice, but what if cc sales went down the same 5%? It would mean less profit because of the % of check fraud.