this post was submitted on 07 Jul 2024
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Checks are generally ran at the register. Businesses don't take them trusting that they'll pay later
Honestly that makes a good bit more sense to explain why it’s lasted this long. And, my guess is that the processing fees are lower than credit cards which is probably nice. But yeah, at some point you and your customers gotta agree to enter the 1990s era of payment technology.
Checks are processed exactly the same as debit cards since about 2008 with Check21.
The difference is the store or bank don't (doesn't?) have to retain copies of checks when you use a debit card.