If not how do you handle clients who haven't any cash? I could either wait until the next week or invoice in which case I'd probably receive a cheque by post. I don't mind accepting cheques for a few hundred pounds, but for trivial amounts it's a pain in the neck. I just wonder how other small businesses handle this and I'm not interested in any other replies.
2006-11-08 07:43:04 · 8 answers · asked by Anonymous in Business & Finance ➔ Small Business
It's the time I object to rather than bank charges, which I don't pay anyway.
This particular case is one client who insists on paying by cheque. I sell a service and we worked out a compromise that she'd pay for two sessions at a time one being in advance. She has now started postdating cheques. I think it best to ditch this client but I never like doing that.
2006-11-08 18:40:48 · update #1
Yes it is a pain.
Unfortunately just got to be pragmatic, smile and take the cheque. A customer is a customer. Just hope they spend more next time. In business there will always be some expenses - this is just one of them.
Do you object to the bank charges for paying cheque in?
Or is it just the time involved with cheque handling?
If bank charges issue - consider alliance and Leicester business account (post office) think it's free to bank cheques - (please confirm could be wrong). Also we used to have an agreement with a high street bank that they would not charge us for banking cheques but forfeit interest on current account - you could try this.
Nowadays we still get a few cheques, but also have electronic card handling. Many advantages - cheaper than bank charges, faster and can use cash back and sell phone-top up etc.
2006-11-08 07:54:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
With automatic tellers everywhere in every city, eftpos or visa debit cards facilities at most businesses, and direct debit (internet bank transfers) available to everyone, I don't see why anyone has to pay by cheque these days, unless they don't really have the cash at that moment and are "buying time". In that case, I'd be very careful.
When someone hands you a cheque, all you get is a piece of paper. You don't know how much the "smiling face" has in their actual bank account until the bank sends you back the dud cheque in the mail, and to top it off they charge YOU a bouncing cheque fee.
2006-11-08 09:29:29 · answer #2 · answered by poppyseed0054 2 · 0⤊ 0⤋
yes, all the Walmarts I've been to accept checks, I'm not sure about if your account is available today. Call the bank and ask to be sure, most banks update after a certain time, like 2 or 3 pm.
2016-05-21 22:29:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Make it clear that under a certain amount there is a charge of say £2.50 due to bank charges ,the customer will soon produce cash and if not your bank balance rises.
2006-11-08 07:53:32 · answer #4 · answered by Dooby 6 · 0⤊ 0⤋
don't accept any cheques with credit and debit cards so prevalent these days just use them to get yourself paid
2006-11-08 07:59:26 · answer #5 · answered by jeff c 3 · 0⤊ 0⤋
just have a minimum spending amount for cheques
soon sends them to the cash point
2006-11-08 07:46:44 · answer #6 · answered by crunchymonkey 6 · 0⤊ 0⤋
I'm using Paypal without problem http://lost-newbie.blogspot.com/2006/10/paypal-is-highly-recommended-payment.html
2006-11-08 08:52:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Put a huge sign up 'NO CHEQUES'
or write to all customers 'NO CHEQUES'
2006-11-08 07:47:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋