Accept EFT/ACH Through Spark

To process EFT/ACH through Spark, you'll need an account with Vericheck. Here is the necessary documentation to get the process in motion, as well as general information concerning rates and fees:

PITBULL – SPARK Software VCI Customers

VCI provides solutions that make the process of billing your customers efficient, secure, and simple!  All while saving you time, money, and long trips to the bank. 

 

VCI PRODUCT BENEFITS THROUGH SPARK MEMBERSHIP

  • Safely accept payments at the point of sale, via website or phone
  • Set up one-time or recurring payments

 

VCI TRANSACTION PROCESS

  1. Merchant obtains customer authorization to electronically transact from their account for payment.
  2. All transactions submitted in a day, prior to 6pm EST, will batch out automatically at 6pm EST.
  3. Once submitted, transactions take a minimum of 3 business days to process.  Ex. A transaction submitted on Monday, before 6pm EST would settle on Thursday and show the next day in your bank account.  Monday would be the submitted/entry day, Tuesday, Wednesday, and Thursday would be the three processing days. 
  4. Settlement will take place at 6pm EST on the third day. All funds due to you will be electronically credited into the bank account you have provided for deposits. 

 

PRICING DETAIL

$             .40    Per Transaction

            .95% Base Discount Rate

            .29% High Ticket Base Discount Rate

$          .15    Settlement Fee
$          .10    Account Validation Transaction Fee

$        1.50    Standard Return Fee     

$      15.00    Monthly Statement Fee

$      15.00    Monthly Minimum Fee

$      40.00    One-Time Set-up Fee

$      25.00    Unauthorized Return Fee (Ex. Stopped Payments that the customer deemed unauthorized)
$      50.00    Annual Fee

 

 

VCI APPLICATION BOARDING INSTRUCTIONS

 

    • Completed Application - Found Here
    • Driver’s License Copy 
    • Imprinted Voided Check or Bank Letter of Account Verification
    • Copy of Membership Agreement that you require your students sign

 

The above items must all be submitted to get your application approved with VCI.  Please send all paperwork to:  APPLICATIONS@VERICHECK.COM

 

Note on Page 2 of the Application you will be asked the processing parameters on your account.  Please make sure these numbers are in line with your EFT/ACH Processing.  If your High-Ticket Volume is larger than $1500, or your Monthly Transaction Amount is larger than $24,950, you will need to provide 3 Months of your most recent Bank Statements.

 

Once your ACH Merchant Account has been approved and boarded with VCI, your Spark Support Team will reach out to you to make sure you are ready to process your first transaction!

PITBULL – SPARK Software VCI Customers

VCI provides solutions that make the process of billing your customers efficient, secure, and simple!  All while saving you time, money, and long trips to the bank. 

 

VCI PRODUCT BENEFITS THROUGH SPARK MEMBERSHIP

  • Safely accept payments at the point of sale, via website or phone
  • Set up one-time or recurring payments

 

VCI TRANSACTION PROCESS

  1. Merchant obtains customer authorization to electronically transact from their account for payment.
  2. All transactions submitted in a day, prior to 6pm EST, will batch out automatically at 6pm EST.
  3. Once submitted, transactions take a minimum of 3 business days to process.  Ex. A transaction submitted on Monday, before 6pm EST would settle on Thursday and show the next day in your bank account.  Monday would be the submitted/entry day, Tuesday, Wednesday, and Thursday would be the three processing days. 
  4. Settlement will take place at 6pm EST on the third day. All funds due to you will be electronically credited into the bank account you have provided for deposits. 

 

PRICING DETAIL

$             .40    Per Transaction

            .95% Base Discount Rate

            .29% High Ticket Base Discount Rate

$          .15    Settlement Fee

$        1.50    Standard Return Fee     

$      15.00    Monthly Statement Fee

$      15.00    Monthly Minimum Fee

$      40.00    One-Time Set-up Fee

$      25.00    Unauthorized Return Fee (Ex. Stopped Payments that the customer deemed unauthorized)

 

 

VCI APPLICATION BOARDING INSTRUCTIONS

 

    • Completed Application - Found Here
    • Driver’s License Copy 
    • Imprinted Voided Check or Bank Letter of Account Verification
    • Copy of Membership Agreement that you require your students sign

 

The above items must all be submitted to get your application approved with VCI.  Please send all paperwork to:  APPLICATIONS@VERICHECK.COM

 

Note on Page 2 of the Application you will be asked the processing parameters on your account.  Please make sure these numbers are in line with your EFT/ACH Processing.  If your High-Ticket Volume is larger than $1500, or your Monthly Transaction Amount is larger than $24,950, you will need to provide 3 Months of your most recent Bank Statements.

 

Once your ACH Merchant Account has been approved and boarded with VCI, your Spark Support Team will reach out to you to make sure you are ready to process your first transaction!

PITBULL – SPARK Software VCI Customers

VCI provides solutions that make the process of billing your customers efficient, secure, and simple!  All while saving you time, money, and long trips to the bank. 

 

VCI PRODUCT BENEFITS THROUGH SPARK MEMBERSHIP

  • Safely accept payments at the point of sale, via website or phone
  • Set up one-time or recurring payments

 

VCI TRANSACTION PROCESS

  1. Merchant obtains customer authorization to electronically transact from their account for payment.
  2. All transactions submitted in a day, prior to 6pm EST, will batch out automatically at 6pm EST.
  3. Once submitted, transactions take a minimum of 3 business days to process.  Ex. A transaction submitted on Monday, before 6pm EST would settle on Thursday and show the next day in your bank account.  Monday would be the submitted/entry day, Tuesday, Wednesday, and Thursday would be the three processing days. 
  4. Settlement will take place at 6pm EST on the third day. All funds due to you will be electronically credited into the bank account you have provided for deposits. 

 

PRICING DETAIL

$             .40    Per Transaction

            .95% Base Discount Rate

            .29% High Ticket Base Discount Rate

$          .15    Settlement Fee

$        1.50    Standard Return Fee     

$      15.00    Monthly Statement Fee

$      15.00    Monthly Minimum Fee

$      40.00    One-Time Set-up Fee

$      25.00    Unauthorized Return Fee (Ex. Stopped Payments that the customer deemed unauthorized)

 

 

VCI APPLICATION BOARDING INSTRUCTIONS

 

    • Completed Application - Found Here
    • Driver’s License Copy 
    • Imprinted Voided Check or Bank Letter of Account Verification
    • Copy of Membership Agreement that you require your students sign

 

The above items must all be submitted to get your application approved with VCI.  Please send all paperwork to:  APPLICATIONS@VERICHECK.COM

 

Note on Page 2 of the Application you will be asked the processing parameters on your account.  Please make sure these numbers are in line with your EFT/ACH Processing.  If your High-Ticket Volume is larger than $1500, or your Monthly Transaction Amount is larger than $24,950, you will need to provide 3 Months of your most recent Bank Statements.

 

Once your ACH Merchant Account has been approved and boarded with VCI, your Spark Support Team will reach out to you to make sure you are ready to process your first transaction!