Take checks once more like the old days with confidence

| Friday, August 12, 2011
By Wymetto Barnard


In the old days we all would take checks

Remember in the past small enterprise firms would take checks and never consider carefully about it. Trusting your neighbor was just part of conducting business. You never had to worry about the customer writing a bad check as the owner nearly always new the patron. Checks were as good as money back in the days and common money used to buy goods and services.

Ask to take checks?

Then there was the time period we had to ask the small business if they took checks. Most corporations still would take them but times were a little tougher and that means to take checks would be taking a small risk if the check was good. People started writing bad checks; though not all buyers did it deliberately and would shortly make the check good but it still caused ill will between the owner and customer. All is still good in checktown but you can feel times are about to change again.

Their is a price when you take checks and they go bouncy

The price of taking checks now is out of control. Home entrepreneurs can not afford to raise the consumer and pay the fees charged to them by the banks. Banks would let you take checks and just let the small enterprise owner know that it was bad and needed to collect the money. Then the bank charges came into play as lending banks started to realize this is extraordinarily rewarding and helps the banks bottom line. To the business they just can not afford the pricetag anymore.

Up comes the signs exclaiming we don't take checks

Take a look at all the small enterprise shops that have everything from plastic or paper signs saying we don't take checks any more. It is a sad time but that's the actuality. Now their are customer solutions to take checks for smaller enterprises. You can take a single check or up to 4 checks with the 90 day same as money programs. Risk is eliminated due to the electronic scanners that may read the magnetic ink on the routing numbers and can tell the bank if they have the funds and if they have been rebounding checks all over town.

Take checks once more using a corporation that assumes the risk

Their are 2 corporations out there that allows the store owner to accept checks without any risk or recourse. Checks are coming back due to credit being exhausted on the visa cards they already own and can not get accepted when making an application for new mastercards. Folk are also hoarding cash do to these unknown money times. By allowing a shopper to spreading the cost into four payments there isn't any credit required and the loan will be paid off in 90 days. The business owner will get paid the entire amount owed in 48 to 72 hours and never need to chase customers down for bad checks. Not all firms will pay the total amount so do your homework. Take checks again and never lose business for clients who are having Mastercard difficulty.




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