Among many other digital payment solutions, the footstep of TeleChek is a blessing of modern technology. It not only eliminates the associated risks from the retailer side of check payments but also allows you to shop with confidence and ease.
But, due to the new-to-market context, many people search for what stores use TeleCheck system. Here, we elaborate on every aspect of TeleCheck while listing the prominent stores that accept TeleCheck.
What is TeleCheck System?
TeleCheck is a payment processing system that allows businesses, retailers, corporations, etc. to accept a certain check with guaranteed payment. For conventional check payments, when you pay the seller with the check, it usually takes two to three days to transfer the funds. You see, it is risky on the business end.
Here, TeleCheck verification eliminates the risk by confirming that the payment is secured within a second. In the process, TeleCheck’s integrative system checks your bank details, credit scores, etc., and on the basis of the collected data, it ensures that the seller won’t face any financial risk.
Even when the seller faces issues, TeleCheck takes full responsibility for the respective money loss.
How does TeleCheck System Work on Stores?
At the first point, you pass the check to the cashier, and he or she runs the check through the Telecheck system. The system collects the bank account details along with your credit history and comes up with an evaluation of your check’s credibility. In this case, Telecheck uses a unique risk evaluation model.
However, after analysing the data, the system generates a code and sends it to the respective phone number. There are usually four types of codes that assist the cashier in deciding whether he or she should accept the check or not. Below are the details of the codes.
1. Code of Approval
It is a four-digit code symbolizing approval of the check. After receiving the code, the cashier understands that the payment is approved by Telecheck. Then, he or she writes it down behind the check and in the register book (if any) for future reference regarding approval.
2. Code of Call Center
The return message sometimes contains a code as “Call Center.” It indicates that the system couldn’t collect enough information as per the requirements. And the cashier needs to contact TeleCheck’s call center over the phone.
After contacting the customer, the representative at Telecheck informs the cashier of the lack of data, and the cashier asks the customer for additional data and information as per the representative’s (Telecheck) feedback.
If you face the same situation, just provide the requested additional information and data. Then the cashier will contact the representative again (or put it on hold) to pass along the just-collected information. Upon meeting the exact requirement, Telecheck will authorize the check payment.
3. Code 03
When this code is received, the cashier will understand that your check cannot meet the standard data requirement of TeleCheck. He or she will notify you regarding this and will request that you provide another check or use another payment method.
Please note that this code does not mean that you do not have a sufficient balance or that your credit history is not good. Simply put, it indicates that there is a data shortage regarding the check, bank, or account.
4. Code 04
It is a direct denial of the check. It indicates you do not have enough balance to meet the payment amount. Also, the rejection can come up for having a history of check default or not paying debt on time. In this case, you have to use another check or payment mode.
List of Stores that Accept TeleCheck System
Below is a comprehensive list of prominent stores that accept the TeleCheck system.
- Target
- Lowe’s
- Sears
- Macy’s
- Ecirc
- Home Depot
- Cavenders
- Walmart
- K-Mart
- Office Max
- Dillards
- NTB
- Footlocker
- Toys R
- Brookshire’s
- Family Dollar
- Petco, and many more.
Please note that the stores that use the TeleCheck system usually keep a sign (a red and white checkmark sticker) on the door or window.
List of Stores that Don’t accept TeleChek
Below is a list of major stores that do not accept TeleCheck
- Food 4 Less
- BJ’s Wholesale Club
- Hannaford
- IGA
- Giant Eagle
- Vons
- Jewel-Osco
- WinCo
Bottom Line
We hope now you know what stores use TeleCheck system. However, we would like to mention one more thing for your convenience. Please carry a second payment method, like a credit card, mobile money app, cash, etc., in case the check is rejected by the Telecheck system.
People Also Ask
Some banks use the TeleCheck system to eliminate fraudulent activities.
Along with several other systems, Walmart also uses TeleCheck to check the authenticity of the cash check.
Yes, PayPal uses TeleCheck to verify online checks.
Menard’s uses Certegy to verify the authenticity of the checks.
Amanda Smith is a professional personal finance and sustainability writer who enjoys writing about everything from Banking to unique Financing options like all kind of banking and Personal finance. You can find his work on sites like Transfer Money, Debit card, Credit Card.