The ARCNET Program

"What is it all about ... and how can it help you?"

Check 21 Law

The "Check 21 Law" was signed into law on October 28, 2003 and put into effect one year later on October 28, 2004.  This law allows for paper checks to be converted into electronic debits, which are considered "Financial Instruments."

In layman terms, one of the primary reasons for the passing of Check 21 Law was so that merchants could reduce the time between receiving a check from a customer and having their bank accounts credited with those monies.  This process trims the delay time that merchants have access to the funds from as long as two weeks to as short as 24 hours or even less.

As a result, checks are now processed into electronic debits via our ARCNET Online software, allowing you to accept post-dated checks without the risk that they may "Bounce". 

You will receive confirmation within seconds for a ARCNET transaction.  Your customer will leave your business with the goods or services they need today, and the post-dated funds will be deposited on schedule "Like We Guaranteed" into your bank account.

And guess what happens next!  That happy customer tells everyone he or she knows that there is a business in town that truly cares about people and offers a way for folks to buy without having to apply for credit or pay all of the cash upfront!

 

Customer Qualifications

CHECKING ACCOUNT    |   VALID ID   |   PROOF OF INCOME 

 

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HOW MANY NEW CUSTOMERS WOULD
WALK IN YOUR DOOR IF YOU HAD THIS
6' x 3' OUTDOOR BANNER???
 

WE  OFFER  FINANCING NO CREDIT CHECK *VALID CHECKING ACCOUNT REQUIRED

Here are some suggestions to market the NO CREDIT CHECK IN-HOUSE FINANCING program to draw consumers into your business:

• Advertise the No Credit Check, In-House Financing Program in print and media ads.

• Advertise the program on your website.

• Have “No Credit Check Financing” printed on your business cards.

• Display the banner outside your business (available at our cost of $54).

• When a prospective customer calls come in check price, before you hang up tell them you offer no credit check financing.

• If you have on-hold audio advertising include no credit check in-house financing.

• Advertise program in your Yellow Pages ad.

 

4 Easy Steps:

Step 1

 

The merchant is able to offer the customer a No Credit Check financing option that gives customers up to 90 days to pay.  The merchant will work with customers to agree upon a payment plan they can afford.

 
Step 2

  

The customer presents checks payable to the merchant for the products or services.

 

Step 3 

  

Merchant logs onto our site, enters in the routing & account number for customer’s check, along with the customer's payment schedule.
 

 

Step 4

Upon approval, you will print out an agreement for the customer to sign.  Funds will now be debited out of the customer’s bank account on the specified date and be credited to your account within 24-72* hours of the original date that was on each check. *depends on banking procedures

 

Don't let this opportunity slip by. While the economy is still years from recovery, you do not have to sit back and wait it out. Even when it does begin to recover, the way things were done, will never be the same again. This may be exactly what your business needs! And if it is not, then at least you will know ... you tried. Just, fill in the form below and click send!      First and Last Name: Primary Working Email: Type in the Captcha Number: 314641 What type of business are you in? Contact Phone Number:   Feel free to ask us a few questions too: We Hate Spam Too!  Your Info Will Not Be Shared.