“Merchants can automatically debit their customer’s checking account on a regular basis”

Procedure of Merchant Initiating Transactions

1. Merchant will acquire the customer’s checking account information, amount, and frequency of debits

2. Must obtain signed written authorization form from customer. (Check Processing Company can provide template)

3. NO DRIVERS LICENSE is required.

4. Merchant will log on to web interface to input all data.

5. Check Processing Company will automatically initiate transactions when the next payment anniversary date arrives.

6. Recurring Debit transactions must be for the same amount every month and cannot vary in amount.

7. Online reporting will let merchant know which transactions are returned within 3- 4 days.

8. Merchant will be funded on all cleared transactions in 5 business days.

9. Check Processing Company can automatically resubmit NSF items 2 additional times.

Check Processing Company will phone each merchant to verify information and train on submitting transactions (generic greeting).

Requirements to Setup

1. Recurring Debit Application (Red Application)

2. Recurring Debit Information Form

3. Voided check

4. Copy of merchant’s driver’s license

5. Last months bank statement

6. Example / Description of products or services

7. Copy of Business License

8. Refund & Warranty policies

Sample DEMO program (1 OF 2)

1. Access www.demo.eftchecks.com

2. Login name demoRecurring and password 123letmein

3. Click “B2C Auto Debit-01 (111114) (Recurring)” on the left hand side section.

4. Click “New Transaction” at the bottom of the screen.

5. Fill in Customer Information section completely.

6. Enter Routing Number: 490000018

7. Enter Account Number: 000000008

8. Re-enter Routing and Account numbers in the verification fields.

Sample DEMO program (2 OF 2)

9. Click “Check Bank’s Name” button. You should receive message “Bank Info: ACH TEST CHECK BANK, Destin, Fl.” Click OK.

10. Enter Debit Schedule Information.

11. Set “Activate” to “Yes”

12. Click “Update Schedule View” to see example of schedule.

13. Click “Submit”

14. A list of the current transactions appears.

15. Click ‘New Transaction” at bottom to continue adding another customer if desired.

• No check written

• ACH conversion of funds

• NON-GUARANTEE Program

• Merchant MUST obtain signed written authorization from consumer

• Merchant will input and manage transactions on the web

Merchant Benefits

• Recurring transactions will be initiated automatically

• No software or terminal to buy

• Transactions on “auto-pilot”

• No discount percentage to pay so it’s less expensive than accepting credit cards

• Banking fees and paper check handling costs are eliminated

• Free detailed 24x7 online reporting of all activity

• No setup fees (optional)