Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > Community > MacNN Lounge > Cheque please

Cheque please
Thread Tools
Doc HM
Mac Elite
Join Date: Oct 2008
Location: UKland
Status: Offline
Reply With Quote
Mar 15, 2020, 05:12 AM
 
My customers used to pay me by cheque all the time. It didn’t bother me. Then the banks started hating on them and online payments became more common.
At this point I started to notice that most of my customers couldn’t even find their cheque books or even had one any more. And I certainly noticed the trips to the bank. AND the 5 working days to clear nonsense.
Then I got a card payment doo dad. Fantastic. Clients preferred it. Me too. Although they do take 2% of my income. Also if I process a payment after 4.00pm they only process it the next day, then they drop a payment on the day after that, so that can be three days.

Anyhoo.
Got a cheque last week. And guess what. My banking app is happy to photograph it. AND once scanned it becomes just another electronic payment. Cleared the next day.

I see a resurgence of cheques. Plus a Ofer a 2% pay rise (if all my customers go back to cheques).
This space for Hire! Reasonable rates. Reach an audience of literally dozens!
     
ghporter
Administrator
Join Date: Apr 2001
Location: San Antonio TX USA
Status: Offline
Reply With Quote
Mar 15, 2020, 09:04 PM
 
My bank offers that sort of deposit. Take a pic of front and back (typically with their app), verify the amount is correct, and POW, it's in my account.

That 5 business day processing thing comes from having to handle the physical cheque. It has to be secured, accounted for, processed (that used to be a mind numbing MANUAL task of reading and keying in EVERYTHING on the cheque), then marked as processed and stored for audit and verification purposes.

Now they're read by machine, processed by machine, photographed for audit/verification, and probably quickly destroyed. But it's still an overhead-intensive task. So by having customers photograph, verify numbers, and retain the things, banks are saving a LOT of time and money. They really should be giving you that 2% and more.

Glenn -----OTR/L, MOT, Tx
     
   
Thread Tools
 
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Top
Privacy Policy
All times are GMT -4. The time now is 12:36 AM.
All contents of these forums © 1995-2017 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2017, Jelsoft Enterprises Ltd.,