Common sense
We refer to a letter by a correspondent attacking one of our members' policy of not accepting cheques. Instead of complaining about the issuing banks' lack of protection to the payees of fraudulently issued cheques, your correspondent takes to task our...
We refer to a letter by a correspondent attacking one of our members' policy of not accepting cheques.
Instead of complaining about the issuing banks' lack of protection to the payees of fraudulently issued cheques, your correspondent takes to task our member for taking precautions to obtain his rightful payment for what he sells.
The issue of "bouncing" cheques is a scourge of local business. In the present circumstances, with the banks' inertia on the matter, refusal to accept them is common sense and has nothing to do with competition, a topic that appears to be so much at heart to your correspondent.