3 ms·
It is aimed at people how have difficulty getting a checking account, making direct deposit complicated. If you don't do direct deposit you get a physical chec
by Guvante 13y ago
It is aimed at people how have difficulty getting a checking account, making direct deposit complicated.
If you don't do direct deposit you get a physical check.
Also chip-and-pin is worthless in the US until they do a big push for it, since merchants wouldn't accept it at the moment.
- gambiting 13y agoAnd outside of US, cards which are magnetic only are refused in more and more places, because of either company policy due to a large number of fraud,or just straight up lack of terminals to process them. Also, I think I've only had a single check in my entire life - I don't even know what I would need to do to issue one, and I run my own company. So it also must be an American thing.
- aestra 13y agoHow old are you? Checks were fairly common when I was growing up in the US but no more. Probably different elsewhere tho. I pay my rent with a check, but that's it. Oh and I pay my car tax every year with a check. Old people stuck in the past (my mom) pay all their bills with checks. Bills you get in the mail that dont accept credit card are paid in checks. I could pay my rent in cash but I want to have a copy of the canceled check as further evidence I paid my rent in case any issues come up and I have to prove I paid rent.
- TheCoelacanth 13y agoThis is a service targeted at the US so it has to target the US's (antiquated) banking system. Checks are on the way out, but most Americans still need to write or cash them fairly regularly. Chip-and-pin cards are still not widely supported in the US, but support for magnetic stripe cards is almost ubiquitous. It does seem outdated by international standards, but for the US, this is actually a step forward compared to the check cashing services that many poor people use.