Payroll Check Guarantee


Every day you drive by one of those check cashing agencies and see people lined up waiting to cash their payroll check. You have probably thought to yourself that it would be nice if they were coming into your store with all that money and spend some of it on your products. So why don’t you offer a payroll check cashing service for the convenience of your existing customers, increase new foot traffic, and make extra profit in the process. The FDIC estimates that there are over 50 million people living in the U.S. who are either unbanked or underbanked and require a check cashing service to get paid each week. With our Payroll Check Guarantee Program you eliminate the risk of cashing bad payroll checks.

Description of Service

Your customer will present a payroll check or other qualified check payable to the name of the customer presenting the check. First the customer will enter their Social Security number twice in the attached PINpad. Then the cashier will automatically feed the check through the check imager as well as scan the customer’s driver’s license (for first time customers only) or other acceptable form of ID and then key in the dollar amount. Within a few seconds via IP or Dialup the transaction will be approved, if the system determines the check to be valid, and a receipt will print out for your records. You can then rubber stamp the check as electronically submitted and simply store it away. The cashier will then hand the customer their cash less a percentage of your choosing such as 3%. The next business day the funds for the full face value of the checks will be deposited into your checking account. When the transaction is approved you will be guaranteed the funds even if the check bounces. It really is that simple.

Just in case you are wondering why you cannot do electronic conversion, the reason is because NACHA rules currently do not allow conversion for checks which are not made out to the name of the business converting the check.

Processing Equipment

The program works great with the PrimeTrex One Check Cashing and Processing Terminal. It connects directly to your Internet connection without the need for an additional PC in your store. It takes up very minimal counter space with its small footprint.

Please Click Here to View the PrimeTrex One Data Sheet

Payroll Check Guarantee Program Pricing:

  • Discount Rate – 1 % + 1.25 % (Dependent Upon Business Type)
  • Per Check – 15 Cents
  • Monthly Minimum – $105.00 (Equates to $10,500 in Checks Monthly)
  • PrimeTrex One Terminal and All Software – $1750.00 (One Time)

Which Stores are Perfect Candidates for the Payroll Check Service:

  • Retail Stores of Almost Every Type
  • Convenience Stores
  • Liquor Stores
  • Drug Stores
  • Gift Shops
  • Stores Selling Lottery Tickets
  • Gas Stations

Types of checks that can be accepted:

  • Payroll Checks Up to $1,500.00
  • Government Checks Up to $2,000.00
  • Government Issued Tax Refund Checks Up to $5,000.00
  • Third Party Tax Preparation Checks Up to $5,000.00
  • Personal Checks Up to $400.00
  • Rebate Checks Up to $1,500.00
  • Cashier Checks Up to $1,500.00
  • Stock Dividend Checks Up to $1,500.00

Now that you have learned about the benefits and ease of using Payroll Check Cashing we would love to hear from you. Please complete the Payroll Check Guarantee info request form from the link below and one of our sales managers will contact with 24 hours.