4 ms·
Aren't you just describing cash? Cheque has the same issue as the online alternatives in that it could "bounce" - cash (or I guess crypto) can't
by mnahkies 3y ago
Aren't you just describing cash? Cheque has the same issue as the online alternatives in that it could "bounce" - cash (or I guess crypto) can't
- aidenn0 3y agoLarge checks are cheaper to handle than an equivalent amount of cash. Most people won't just toss $10k in the back of their car and drive to the bank, but would think nothing of taking a $10k check to the bank. Also, there is less of a need for a receipt when paying by check. If I pay someone by check, my bank has a record of it. If I pay them by cash, I better get (and keep) that receipt in the case of a later non-payment dispute.
- ghaff 3y agoI gather check verifications have gotten better. I had to buy a new car last year and my deposit was via CC but, for the final payment, they were fine with a personal check whereas I've always had to pay with a cashier's check from the bank in the past.
- loeg 3y agoI think car dealers just run your credit and if it's good enough they accept a personal check these days.
- xp84 3y agoI can’t print cash in my house ;) and I don’t want to keep a board of it under my mattress!