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January 26, 2007 at 11:50 pm #724524
Anonymous
InactiveI cost money and time to do checks..
January 27, 2007 at 12:02 am #724527
biggygMemberyup 50 cents for the bank fee , 1.05 for the stamp plus the cost to pay the bookkeeper to prepare the check and a check can easily cost them $5.00 + to process
January 27, 2007 at 12:07 am #724529Anonymous
Inactivecasinobonusguy wrote:yup 50 cents for the bank fee , 1.05 for the stamp plus the cost to pay the bookkeeper to prepare the check and a check can easily cost them $5.00 + to process$5.00 Service Charge Fee is a lot less than the Wire Fees. Hell I’d be happy to pay a $5.00 Service Charge for a check.
January 27, 2007 at 12:27 am #724533
biggygMemberWell who knows what their fees are , this is what it would cost me with payroll of 3 in canada and only paying a bookkeeper $160.00 a week to do our payroll and submit taxes to governement
January 27, 2007 at 1:55 am #724539Anonymous
InactiveIt seems that cheques are fiddly …
I’ve received cheques from a few places now (not including payment mechanism like Neteller) – and they are nearly always hand-written.
So imagine the systems that have to be put in place to make sure they get it right and correctly record it all. I think it’s pretty manual.
$10 buys you a total of 15-20 minutes of someones time.
They have to :
– access your account
– write the check
– get the check signed
– confirm your address
– write the envelope
– pass an entry into your account to reflect the check(and then there could be mail fraud and they’ll have to repeat it all)
:lookarounAs an example :
Remember all the hassle it used to be to pay your own bills by check -and there the company told you how much was owed and usually included a post-paid and addressed envelope.
It took 4-5 minutes to make sure you hadn’t already paid, find the check book, and write it all out. And then you have to find a mail-box …
Now many people pay their bills online via internet banking – have perfect records – and it’s done in 15 seconds.
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