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submitted 1 year ago by farcaster@beehaw.org to c/finance@beehaw.org
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That's interesting. In the UK most companies haven't accepted checks in about 15 years.

[-] greenskye@beehaw.org 7 points 1 year ago

It's because digital payment methods are almost completely owned by private entities here that charge fees for processing. Checks don't incur those costs, so people stick with them.

I can only assume the cost of dealing with checks was greater (as well as far less convenient) than BACS transfers were over here.

this post was submitted on 28 Aug 2023
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Finance

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