Even though a lot of people seem to be using credit cards exclusively for incidental purchases these days, the truth is checks are still a preferred method of payment for a lot of people.
It doesn’t make sense not to accept checks, since most people will expect to have that option, but there are certainly some things to worry about when you do accept checks. There’s always the danger that someone has stolen the checks from their rightful owner or that they just don’t have the money to pay for what they’re writing the check for.
There will always be some risk involved in accepting checks, but these days technology makes your life a little easier with an invention known as a check reader.
A check reader is basically a scanner that the check is fed into. It reads the check and automatically debits the check writer’s account at the time of purchase.
The money is deposited into your account within 24 hours — you don’t even have to drive to the bank and physically deposit the check.
Using a check reader means you’ll know before the customer leaves the store if he or she has written a bad check....
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