Why are many restaurants & petrol stations not accepting cheques with a guarantee card? This seems to be new.?

Answer 1

because your guuarantee card is also a
debit card they have to wait four days
for a cheque to clear as by debit
card they get the money the next day

Answer 2

Although people can provide a guarantee card with the cheque it doesn't necessarily mean that they have the funds available. A friend of mine who's in business used to get quite a few bouncing cheques. Businesses tend to prefer debit/credit cards because it goes into their account the following day.

Answer 3

because Lots of people use cheques when funds are low and companies are finding the money paid to them is not being honoured.

From the office side more work is need to put cheques into accounts , so this is why cards and cash are use for use of speed

Answer 4

Primarily, it is because cheques involve more paperwork in terms of receiving money. BACS, Creditcard, Debit Card and Cash are all a lot easier to deal with.

I have removed cheques from my Businesses and Companies because of this, and I rarely get any complaints.

Answer 5

I dont know I think it is because a lot of cheques have been bounced on some garages. So thats it! Also cheques are being phased out I believe!

Answer 6

cheques r not cash n it's difficult 4 keeping n controlling.credit cards r normally welcomed mostly by petrol kiosk.

Answer 7

the banks want you to use the chip and pin.and when some one
steals your money you will not get it back of the bank.because
they will say you let your pin number out.and it is not safe what so ever.like they show on watchdog.and the banks still refuse to give the money back.so basicly its the banks way of getting out of paying your money back if some one stole it.

Answer 8

actually cheques can not be release instantly, and it may be risk disowned so that its not possible for restaurants owners to taken it you,