QAs.jpg (6116 bytes)

 

question.jpg (6752 bytes)The following is a list of the most commonly asked questions and their answers regarding this business opportunity. If we do not answer your questions here, you can email us for further information. Our address and phone numbers are posted at the end of each page on this site.

 

QUESTIONS

  1. What is the financial investment needed for starting my own Cash Flow Management Payment Services business?

  2. What type of computer hardware & software is required?

  3. Are these check drafts legal?

  4. I thought banks offered this service. Are they the competition?

  5. Do I have to learn the technical jargon of banking?

  6. Do I need any special license in my state?

  7. What types of businesses would use Pre-Authorized Check Drafting?

  8. What types of businesses would use the Automated Check Recovery service?

  9. What happens after the 3-day, on-site training? Will I be on my own?

  10. I've never been in my own business, would this hinder me? Can I be a success?

  11. What makes this opportunity so unique and special?

 

ANSWERS

  1. What is the financial investment need for starting my own Cash Flow Management Payment Services business?

An investment to be a Cash Flow Management Processing Center is just $14,900. This includes our 3-day, customized on-site training at your location as well as all training materials, support and software. There are no other recurring, or yearly fees.

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  1. What type of computer hardware & software is required?

Basically a Windows 95 or 98 based Pentium system should suffice. You will also need a laser printer and a special magnetic ink toner cartridge for printing the check drafts. Many publications were created using Microsoft Word and Microsoft Publisher. We can provide other formats to fit your current computer installation.

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  1. Are these check drafts legal?

Paper bank drafts have been around for years. They are established as a legal method of payment as provided in the Uniform Commercial Code sections of the Federal Reserve Bank Act. Only verbal agreement is required for authorization.

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  1. I thought banks offered this service. Are they the competition?

Most banks offer electronic funds transfers (EFT) that are more suitable for the larger customers with many transactions. It's not cost effective for a business to process EFT transactions with smaller transaction quantities since the bank charges hidden fees. The business is also required to purchase or lease banking software, as well as managing the data sent to the bank. In addition, they have to enter, manage and transmit all of the data.

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  1. Do I have to learn the technical jargon of banking?

With any new industry that you involve yourself in, there are always opportunities to learn terms relative to that industry. Part of our 3-day, on-site training includes industry competition and terminology. You do not need to have a banking or business background to grasp these concepts.

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  1. Do I need any special license in my state?

There is no license or special certification for paper check drafts to be processed through the Federal Reserve Banking System. However, you might want to contact your county, city or state regarding regulatory requirements in establishing a new business.

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  1. What types of businesses would use Pre-authorized Check Drafting?

The best type of business is one that does recurring billing, that is, billing the same amount for the same customers each month or period. An example of a few are health clubs, internet companies, insurance companies, tanning salons, bottled water rentals, mini-warehouse rentals, property management, rent-to-own stores, utility companies, lawn care, doctors, karate studios, etc.

These are just a few of the potential prospects. Look through the yellow pages, and you'll discover a tremendous amount of opportunity!

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  1. What types of businesses would use the Automated Check Recovery service?

Basically, any business that takes checks. Restaurants, cleaners, gas stations, convenience stores receive tons of checks, and many are bad and need collecting. Think about the businesses you personally patronize during your daily life. Most take checks, and many need a free service to help them collect the ones that are bad.

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  1. What happens after the 3-day, on-site training? Will I be on my own?

Our commitment is to continually work with growing Cash Flow Management Centers to insure their success. Many business opportunities just move to the next sale, but not Chek Plus. We're committed to your success by offering continued marketing and technical support to our Cash Flow Management Processing Center owners. In addition, we do not charge any additional hidden or support fees for our continuing involvement in your business.

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  1. I've never been in my own business, would this hinder me? Can I be a success?

Even though we cannot guarantee success in the business, self-motivated and disciplined individuals tend to be more successful. This is not a 'get rich quick' scheme. We work with you, hand-in-hand, in every aspect of developing your business.

Modules of our 3-day, on-site training include setting up and running your business efficiently. This includes computer and office setup, along with procedures and business practices.

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  1. What makes this opportunity so special?

Being a Cash Flow Management Processing Center owner provides you access to cash flow management services that business owners need today! Businesses are always looking for new and creative ways to increase their cash flow. You can start this business part-time and build it at your own speed.

Our on-site training provides the best environment for establishing your business.

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Chek Plus
A division of Orion Systems, Inc.
1412 North Valley Mills, Suite 210 . Waco, Texas . 76710
Phone: (254) 772-8888 . Fax (801) 881-7965
Copyright © 2002 Chek Plus