A recent article in the LA Times talks about how some large grocery store chains are looking to discontinue check acceptance and only accept cash, credit and debit cards.
According to recent studies check usage has declined so much in exchange for debit and credit card usage that it’s no longer necessary to offer check processing, cashing, etc as a convenience to customers. Check processing costs more than it’s worth in many cases to these businesses
Of course in addition to the costs involved of offering these check services, the rise in bad checks also has something to do with the grocery store’s reasoning in not accepting checks anymore.
Check acceptance is a great service to offer to customers, but though some customers will threaten to find another store, evidence suggests that many more customers aren’t bothered by the move as they now use primarily debit and credit cards as the primary form of electronic payment anyway.
Learn more about this by visiting the following address:
http://www.latimes.com/business/la-fi-checks21-2009sep21,0,2189199,full.story
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