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Why do stores still take checks

Old 06-12-2014, 06:09 PM
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Originally Posted by Johnny Dreamer View Post
That's metric f***ton of checks. Say, 3,000 minimum for the "several" component, 24 working days for the "month" part, (Saturdays included) that's 125 checks a day.

We process more financial transactions than that each day and I clear them every morning...checks flying all over the place would drive me batty. That has to be so painful for person reconciling the transactions.
Ok...I just snorted.

I don't snort often.
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Old 06-12-2014, 06:11 PM
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Originally Posted by Dulcecita Lures View Post
Not any more they're not. I understand your point -- it used to work that way -- write a check and it would take 2-3 days to clear the bank. These days, when you write a check, it's scanned instantly and transacted to your account just like a debit card transaction. It's likely you'll see it hit your account in the time it takes you to get home from the store. Obviously, some of this depends on the store and your bank, but the vast majority these days work as I described. No more float.

The more you know....
Correct. No float anymore.

I remember when we started our business 22 yrs ago....we played the float game in the beginning that's for sure.


when you get into middle America and rural America check writing is still very, very common. My friend owns a few gas stations in small town America and they still cash a ton of checks. Also, many older people only write checks...it is what they understand and feel comfortable with so why change.
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Old 06-12-2014, 06:58 PM
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Originally Posted by Shag View Post
Don't get many cash discounts do ya?
Honestly I don't see many opportunities for cash discounts in my day to day life . Private party transactions sure, but those are few and far between for me. There are certain towns around here that offer cash 'discounts' for fuel but it's complete BS because their 'cash' price is the same price as the neighboring town's price who doesn't discriminate against CC. I tried the 'I'll give you cash' approach one time buying a new car and the negotiation came to a halt because they wanted the kickback from the financing.
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Old 06-12-2014, 08:42 PM
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Originally Posted by jeffro22 View Post
WTF, I dont get it. Sure back in day when you couldnt do debit cards, But if you are buying stuff at walmart or a grocery store get with it. I cant stand waiting behind someone that writes a check for groceries. Get a damn check card, dont hold up the line. And dont wait until you see the total to start the process of trying to locate you check book and find your damn drivers license.

Why do places like walmart or grocery stores even take checks Seems really outdated.


for small business or paying for a service etc than its fine
I bet they know their balance in the account.
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Old 06-13-2014, 04:38 AM
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Originally Posted by Shag View Post
Don't get many cash discounts do ya?
i someone gives discount on something large or is a small business ill pay cash, otherwise EVRYTHING goes on my rewards CC. I get back 1500-2000 every year in cash rewards. Money I woudl never see if I wrote a check
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Old 06-13-2014, 05:19 AM
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Originally Posted by jeffro22 View Post
i someone gives discount on something large or is a small business ill pay cash, otherwise EVRYTHING goes on my rewards CC. I get back 1500-2000 every year in cash rewards. Money I woudl never see if I wrote a check
I can do a hell of a lot better than any credit card "reward" just on cash discounts. Its money I would never spend to begin with if I didn't pay cash. I guess it is neat to get a reward every now and then. Kinda like getting taxes back.
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Old 06-13-2014, 05:34 AM
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Originally Posted by jeffro22 View Post
something tells me that a few of you that have posted are clueless check writers that are stuck in the past

Liek I said, I understand smaller stores or business.
No, it's just that some people want to turn every transaction into the social event of the day. By the way I would stay away from the Winn Dixie on Pine Island if I were you. You would have a coronary waiting to buy your beer.
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Old 06-13-2014, 05:53 AM
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Originally Posted by Johnny Dreamer View Post
That's metric f***ton of checks. Say, 3,000 minimum for the "several" component, 24 working days for the "month" part, (Saturdays included) that's 125 checks a day.

We process more financial transactions than that each day and I clear them every morning...checks flying all over the place would drive me batty. That has to be so painful for person reconciling the transactions.
Dollars!...left that out. Probably 50 checks a month out of my working account, plus another 50 from the office account. Checks are more of a business money exchange method than for casual purchases. Don't write checks at Wendys..that's cash.

You guys do realize who's paying for all those "points" you get on your card, don't you? It's you and me. Costs us (our business) about 3%, depending on the card. $20,000 purchase..that's $600 out of our pocket. Some places, like grocery stores, get a lower rate.
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Old 06-13-2014, 06:20 AM
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Stroes allow it. Some folks want to do it.

If it bothers people that much, shop at stores that do not accept checks and avoid it all together. Many Bodegas will not accept checks, chances are the items not-stocked in bodegas can be found at the larger grocery chain's on-line ordering sytems.
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Old 06-13-2014, 06:23 AM
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Originally Posted by jeffro22 View Post
WTF, I dont get it. Sure back in day when you couldnt do debit cards, But if you are buying stuff at walmart or a grocery store get with it. I cant stand waiting behind someone that writes a check for groceries. Get a damn check card, dont hold up the line. And dont wait until you see the total to start the process of trying to locate you check book and find your damn drivers license.

Why do places like walmart or grocery stores even take checks Seems really outdated.


for small business or paying for a service etc than its fine
Worse .. getting behind someone with some plastic card thing
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Old 06-13-2014, 06:28 AM
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Originally Posted by lobstercatcher View Post
Worse .. getting behind someone with some plastic card thing
Buying a $3.00 item.
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Old 06-13-2014, 06:34 AM
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Originally Posted by Shag View Post
Buying a $3.00 item.
2 way street. The store is probably loosing money on a 3 dollar plastic transaction. Customer can't pay in cash because the teller doesn't know how to make change and the people behind your start moaning if you pull out the check book
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Old 06-13-2014, 06:55 AM
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Originally Posted by lobstercatcher View Post
2 way street. The store is probably loosing money on a 3 dollar plastic transaction. Customer can't pay in cash because the teller doesn't know how to make change and the people behind your start moaning if you pull out the check book
I have a hard time believing there's less than 3% margin in a $3 item. Isn't it a flat percentage? Or is there a minimum transaction fee the merchant must pay?
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Old 06-13-2014, 07:07 AM
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Originally Posted by porksoda View Post
I have a hard time believing there's less than 3% margin in a $3 item. Isn't it a flat percentage? Or is there a minimum transaction fee the merchant must pay?
In my experience credits cards typically cost the merchant a percentage (less than 3%) of the transaction, debit cards and ACH charges are flat fee. Those flat fees are relatively small so once your transaction is over $20 you'll save the merchant money by using debit. Of course this mean you won't earn any rewards and you'll relinquish any of the protections that are offered by the CC companies.
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Old 06-13-2014, 09:02 AM
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Originally Posted by billinstuart View Post
You guys do realize who's paying for all those "points" you get on your card, don't you? It's you and me. Costs us (our business) about 3%, depending on the card. $20,000 purchase..that's $600 out of our pocket. Some places, like grocery stores, get a lower rate.

I know, but at the same time, I dont get any discount for using a check or cash (most of the time), so might as well take advantage of it. Essentially writing checks for everything could cost me $1500 a year. if someone offers a cash discount thats fine.... or if its a small business

I just hate when someone waits till everything is rung up, then searches for a checkbook, then a DL, then fills out the check, then needs to verify ID, then the manager has to come over bc of some issue, etc. 5-10 minutes later just makes me wonder why in the world people even write checks when there is a simpler easier solution. Time is money


Originally Posted by lobstercatcher View Post
Worse .. getting behind someone with some plastic card thing
I know, those damn people that have their shit together and dont hold up the line. Cant stand them!
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Old 06-13-2014, 09:14 AM
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Curious as to how/why writing checks would cost 1500 plus bucs a year.
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Old 06-13-2014, 09:37 AM
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Originally Posted by round2it View Post
Curious as to how/why writing checks would cost 1500 plus bucs a year.
bc I get that amount back in cash rewards from my CC. SO if I write checks, i would spend the same amount out of my pocket but no have any cash rewards.
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Old 06-13-2014, 09:51 AM
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Originally Posted by porksoda View Post
I have a hard time believing there's less than 3% margin in a $3 item. Isn't it a flat percentage? Or is there a minimum transaction fee the merchant must pay?

I could find out exactly how it works. But... this is how I think it works.

There is a CC transfer company that all the transactions go through They have a charge plus the credit card company get a % of the transaction. So if a three dollar item has a 50 cent average transaction fee and the CC company takes 5% say 15 cents. That is realistically the actual profit a store was going to make. Now, they sold a product without making any money off it. Why are they even in business? Granted a store wastes their time on the low spending CC people and hope someone comes in and spends 200. The fees can be absorbed on those sales and a profit is still there.

Originally Posted by jeffro22 View Post
bc I get that amount back in cash rewards from my CC. SO if I write checks, i would spend the same amount out of my pocket but no have any cash rewards.
Cash rewards has to come from some place. You probably don't care if you force someone to work for nothing. Good job
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Old 06-13-2014, 10:04 AM
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Originally Posted by lobstercatcher View Post
I could find out exactly how it works. But... this is how I think it works.

There is a CC transfer company that all the transactions go through They have a charge plus the credit card company get a % of the transaction. So if a three dollar item has a 50 cent average transaction fee and the CC company takes 5% say 15 cents. That is realistically the actual profit a store was going to make. Now, they sold a product without making any money off it. Why are they even in business? Granted a store wastes their time on the low spending CC people and hope someone comes in and spends 200. The fees can be absorbed on those sales and a profit is still there.

Cash rewards has to come from some place. You probably don't care if you force someone to work for nothing. Good job
yep, its my fault that greedy corporate america is the way it is.

regardless of whether I write check or not nothing is going to change
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Old 06-13-2014, 10:20 AM
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Originally Posted by jeffro22 View Post
yep, its my fault that greedy corporate america is the way it is.

regardless of whether I write check or not nothing is going to change
Something will change. Eventually all the mom and pop stores will be gone because they don't have millions in sales to absorb the small transactions. Then you will hear people bitch when all they can do is find home depots and walmarts to shop at. We can thank plastic card users who will use it on ridiculously small purchases. . its a loss to store owners . As you say. Nothing will change so you and people who think like you are the problem why the small places can't compete. Get enough of you together and what a mess it causes.
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