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check is not verified?

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  • check is not verified?

    i received an email regarding a donation and the message that the check was not verified. what does this mean and do i need to do something?

  • #2
    Checks by definition are not verified. Checks will take 3-5 days to clear the issuing bank but you will receive the money in 72 hours. If the check bounces you will be notified in 3-5 days.

    Credit cards are "real-time", meaning once they are authorized the payment is final. Checks are not and the only thing the verification tells us is that the person has not written a bad check based on their records. Of course it does not mean that the person has the funds needed to clear the check. Not verified means there is no guarantee that the funds are available.

    Hope that makes sense.
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