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Comment by mnahkies

3 years ago

Aren't you just describing cash? Cheque has the same issue as the online alternatives in that it could "bounce" - cash (or I guess crypto) can't

4 comments

mnahkies

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aidenn0  3 years ago

Large checks are cheaper to handle than an equivalent amount of cash. Most people won't just toss $10k in the back of their car and drive to the bank, but would think nothing of taking a $10k check to the bank.

Also, there is less of a need for a receipt when paying by check. If I pay someone by check, my bank has a record of it. If I pay them by cash, I better get (and keep) that receipt in the case of a later non-payment dispute.

  • ghaff  3 years ago

    I gather check verifications have gotten better. I had to buy a new car last year and my deposit was via CC but, for the final payment, they were fine with a personal check whereas I've always had to pay with a cashier's check from the bank in the past.

    • loeg  3 years ago

      I think car dealers just run your credit and if it's good enough they accept a personal check these days.

xp84  3 years ago

I can’t print cash in my house ;) and I don’t want to keep a board of it under my mattress!