The following charts reflect some rate and special program comparisons between Equifax Check Services and CrossCheck, Inc. Each of these companies has published "standard pricing" for ISOs to utilize in the field. It should be made clear that these prices are by no means the lowest price that either company quotes for these SIC (Standard Industry Classifications) Codes, but rather are basic pricing for new businesses or a starting point for sales. Please note the asterisk where Equifax has the lower industry price.
In the case of "Special Programs," both CrossCheck and Equifax quote increases or decreases to standard pricing based on providing special benefits or features to a customer. These include changing the method of approval to something other than driver's license, shortening or lengthening claims processing timeframes, or using such premiums or features as Stop Payment Coverage.
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CROSSCHECK |
EQUIFAX |
|
No Ck # |
No Chg |
.05%-13% |
|
Full MICR |
$0.02 |
.02%-.10% |
|
Short MICR |
$0.02 |
.08%-.16% |
|
Date Conflict |
No Chg |
.01%-.06% |
|
(1 to 3 Days) |
|
|
|
No Second ID |
$0.02 |
0.05% |
|
(Business Cks) |
|
|
|
Clm Sub Time |
No Chg |
.02%-12% |
|
(31-45 Days) |
|
|
|
Clm Pmt Days |
No Chg |
.02%-.05% |
|
(7-21 Days) |
|
|
|
Stop Pmt |
$0.02 |
.20%-.35% |
|
PreAuth-Hotels |
$0.02 |
0.05% |
|
Skip -Hotels |
$.01-$.07 |
0.05% |
|
Cash Back |
$0.02 |
.05%-14% |
|
Floor Plans |
No Chg |
.10%-.33% |
|
SIC |
SIC |
CROSSCHECK |
EQUIFAX |
|
|
CODE |
NAME |
RATE |
RATE |
|
|
5932 |
Antique Shops |
0.63 |
1.30 |
|
|
7629 |
Appliances |
0.60 |
.80-3.28 |
|
|
5971 |
Art Dealers/Galleries |
1.65 |
1.45 |
* |
|
5533 |
Auto Parts |
1.13 |
.97-4.92 |
|
|
7512 |
Auto Rental & Leasing |
0.97 |
1.90 |
|
|
7531/39 |
Auto Repair |
.74-1.20 |
.80-1.75 |
|
|
5521 |
Auto Sales - Used |
1.75 |
1.25 |
* |
|
7230 |
Barber/Beauty Shops |
0.78 |
1.90 |
|
|
5551 |
Boat Dealers |
0.18 |
0.95 |
|
|
5942 |
Book Stores |
0.62 |
1.20 |
|
|
5211 |
Building Materials |
0.69 |
.80-2.17 |
|
|
5946 |
Camera/Photo Shops 1.13 |
|
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|
5961 |
Cellular Phones/Pagers |
1.61 |
1.25 |
* |
|
5651 |
Clothing - all |
1.29-1.36 |
1.41-2.94 |
|
|
5912 |
Drug Stores/Pharmacies |
1.61 |
1.42 |
* |
|
7216 |
Dry Cleaners |
1.20 |
1.65 |
|
|
1731 |
Electrical Contractors |
0.45 |
0.95 |
|
|
8044 |
Eyeglass Stores |
1.88 |
.85-2.85 |
|
|
5713 |
Floor Coverings |
0.63 |
1.00 |
|
|
5992 |
Florists |
1.55 |
1.05 |
* |
|
5712 |
Furniture Stores |
1.11 |
.80-1.84 |
|
|
5411 |
Grocery/Supermarkets |
1.51 |
1.51 |
* |
|
5251 |
Hardware Stores |
0.77 |
.80-2.00 |
|
|
7012 |
Hotels/Motels |
1.71 |
1.17-2.63 |
|
|
5921 |
Liquor Stores |
2.32 |
1.72 |
* |
|
5571 |
Motorcycle Dealers |
0.71 |
0.97 |
|
|
4214 |
Moving/Storage/Delivery |
1.68 |
1.73 |
|
|
5733 |
Music Stores |
1.27 |
1.27 |
|
|
5511/15 |
New Car Dealers |
1.06 |
.80-1.60 |
|
|
5943 |
Office Supply |
0.60 |
.80-3.10 |
|
|
5995 |
Pet Shops |
1.88 |
1.32 |
* |
|
8011 |
Physicians/Dentists |
0.70 |
0.95 |
|
|
7338 |
Print Shops |
0.35 |
1.10 |
|
|
5734 |
Record Shops |
2.31 |
.82-2.23 |
* |
|
5812 |
Restaurants |
1.15 |
1.70 |
|
|
5941 |
Sporting Goods |
0.92 |
.80-2.51 |
|
|
5732 |
Stereo/Radio Sales |
1.50 |
.80-3.50 |
|
|
5945 |
Toy Stores |
1.11 |
1.65 |
|
|
4722 |
Travel Agencies |
0.71 |
1.07 |
|
|
742 |
Vet Clinics/Hospitals |
1.19 |
1.4 |
|
|
5735 |
Video Stores |
0.90 |
1.80 |
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* CrossCheckís rate is higher than Equifax. |
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