For companies located outside the United States who do not have a bank account in the United States, that wish to process checks from US customers, we offer the following pricing for processing and funding offshore:
Standard Fees
$1000.00 Account Setup Fee (taken from first deposit/s)
$50.00 Monthly Fee
7.99% - 24.99% + $0.50 / Transaction Fee (based on volume and underwriting)
$0.50 E-Verify (required instant electronic check verification)
$3.00 Live-Verify (Optional Live Phone Call to Bank to verify funds on day of transaction)
Settlement of Funds
$100.00 / Wire Transfer
Minimum Settlement is $5000.00 every 2-weeks.
Additional Considerations
5.00% RMP for 180-days (Funds are used as security. Unused funds are returned to your account after 180-days)
$20.00 per Returned Deposited Item
$50.00 per Charge Back
Dormant Account: Any account that remains dormant (does not process a check) for 14-days will be suspended without additional funding. Any account that remains dormant for 30-days will be closed unless written approval is obtained prior to the end of the 30-days or dormancy. Any closed account will forfeit any remaining balance held and the full amount of the RMP.
Fraud: If we feel that you are attempting to commit, or have committed fraud when using our gateway, or it is reported to us by any local, state, or federal agency that you could possibly be involved in a fraud your funds will be held until the investigation is complete. If you are found to be, or attempting to commit, fraud your funds will be forfeit.
Funding to your account is every 2-weeks with two weeks in arrears*.
*Payout Times Vary based on country and amounts being funded. We reserve the right to change your schedule to weekly based on volumes processed.
Article ID: 73, Created: December 28, 2015 at 8:23 AM, Modified: January 6, 2016 at 8:22 PM