britechguy
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From the New York Times, July 24, 2024: Why Paper Checks Refuse to Die
Why Paper Checks Refuse to Die [at least in the USA]
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Blues
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I know many these reasons very well and really I have no issue with checks and their continued use if my current bank gave me checks when setting up the account with them I might write more myself but I don't want to buy a check book for the off chance I need/want to write a check.
I am far more concerned with Card transactions and these fees that as the article states pay for my rewards but really they pay for someone else's rewards because I don't use any rewards cards as I'm too poor and broke to enjoy that level of card. I fully support and wish more business would stop eating those fees and charge those to customers. I only accept Cash, Check, or an electronic payment such as PayPal/Venmo/Zelle but I don't run a full time IT business I work freelance and then have a daily job in an IT position.
I am far more concerned with Card transactions and these fees that as the article states pay for my rewards but really they pay for someone else's rewards because I don't use any rewards cards as I'm too poor and broke to enjoy that level of card. I fully support and wish more business would stop eating those fees and charge those to customers. I only accept Cash, Check, or an electronic payment such as PayPal/Venmo/Zelle but I don't run a full time IT business I work freelance and then have a daily job in an IT position.
britechguy
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@Blues,
I am the same in that I only accept cash, check, or PayPal. And on the odd occasion where I must accept PayPal, I ask that the person sending payment classify me as "friends/family" so that I don't have to eat the fees they tack on for business transactions. Since I probably get under 5 PayPal transactions per year, I feel no guilt about that at all.
I decided not to touch Zelle after the nightmare stories about inability to retrieve misdirected funds. I know that I posted a NYT article on Zelle here a couple of years back that discussed this very shortly after I had one of my clients (and a senior citizen no less) ask me if I would accept payment by Zelle. The fact that the two financial institutions where I keep my accounts don't work with Zelle is another good reason for not taking it. I don't need to open yet another bank account, thanks!
I am the same in that I only accept cash, check, or PayPal. And on the odd occasion where I must accept PayPal, I ask that the person sending payment classify me as "friends/family" so that I don't have to eat the fees they tack on for business transactions. Since I probably get under 5 PayPal transactions per year, I feel no guilt about that at all.
I decided not to touch Zelle after the nightmare stories about inability to retrieve misdirected funds. I know that I posted a NYT article on Zelle here a couple of years back that discussed this very shortly after I had one of my clients (and a senior citizen no less) ask me if I would accept payment by Zelle. The fact that the two financial institutions where I keep my accounts don't work with Zelle is another good reason for not taking it. I don't need to open yet another bank account, thanks!
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