Telecheck fees are very straight-forward, at 1.50% of check volume, and $0.20/check transaction. Telecheck does not have a monthly fee or monthly minimum processing requirement. To sign up with Telecheck, you’ll be required to utilize Clover POS. There are no hardware requirements as long as you use Clover Station, Mobile, or Mini – that way, you can utilize the internal Clover camera to take pictures of checks you accept. See how check acceptance with Clover works, by clicking here.
It’s important to note – Telecheck has a 12-month commitment. If you do decide to close your Telecheck account early, Telecheck will calculate the anticipated fees for the remainder of your 12 month term, and charge you 80% of those fees.