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Checks have lived on beyond their useful life, unfortunately. I think the only reason they still exist is the arthritic ACH system and the desire by some recei
by vonmoltke 7y ago
Checks have lived on beyond their useful life, unfortunately. I think the only reason they still exist is the arthritic ACH system and the desire by some receipients to avoid credit card processing fees.
Still, while checks may still be a thing they're pretty rare and rarely required. Mobile and contactless payment is pretty common (outside the food service industry, but I blame the food service industry for that).
- mailslot 7y agoTransaction & processing fees are no joke. Big or small, 3% of your revenue before profit, is a big deal. It made sense as a convenience fee, until it became ubiquitous. Now it’s a tax that people are blindly opting in to.