Posted by SillyOldDuffer on 12/05/2019 09:55:55:
Can't help with the payment problem. Many firms are reluctant to take cheques: they are untrustworthy and hideously expensive to process compared with an electronic transaction. I would much prefer not to have credit cards and internet banking because the electronic system is run by a bunch of slack Alices and poorly regulated. But it's so easy to use and so hard not to get sucked in. So far I've not had a problem…
Dave
Some 18 years ago, before 'e-commerce' , the active terminology was 'mail order'. A buyer would fill out an order form and send it to us with a chque. This is how most of our business was conducted. Over the years, with the growth of web sales, by 2016, very few customer were sending us cheques, say two to three cheques being received per month, most prefering to pay by debit/credit card through our website. At the same time, banks in our area closed, resulting in our driving further out to bank cheques. So we finally stopped accepting cheques by the end of 2016.
On the subject of e-payments, I discovered a new concept on my recent visit to China. Most of us are familier with WhatsApp and Apple Pay. the Chiese equivalent of WhatsApp is WeChat – more or less 'a good copy' of WhatsApp, but used by most Chinese. Whilst we all discuss e-pay security, the average person on the street in China used 'WeChat pay' to make payments for practically everything from taxi, grocery, local shops, hotel booking, paying on market stalls, parking, web purchase whatever you can think of, using QR codes. I was gobsmacked. they consider it to be a better and more accountable method of paying then using debit/credit cards, as they dont trust their banks to process the transaction in a timely manner. How secure the process is, is open to question, but if there are millions/maybe billions of users for the service, they probably have to get it right. Very little cash being handled.!
Ketan at ARC.