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From: Geoff Miller on 16 May 2007 11:17


<friend(a)nospam.com> writes:

> Tomorrow I am calling my bank about this. Is this even legal?


It must be; Wal-Mart did it, and they're the biggest retailer in
the nation. They'd only be setting themselves up for an unnecessary
hassle (and the attendant bad PR) by doing something illegal right
in front of thousands and thousands of their customers, don't you
think?



Geoff

--
"Your head is as empty as a eunuch's underpants." -- E. Blackadder

From: Geoff Miller on 16 May 2007 11:20


Shawn Hirn <srhi(a)comcast.net> writes:

> Next time, pay with a credit card that offers an incentive like cash
> back, and don't even bother writing a check.


Or better yet, pay with your ATM card. You have a checking acount, so
you have to have (or could easily obtain) an ATM card, I'd think.

What with the prevalence of ATMs and ATM cards, I don't understand why
anyone writes checks for retail transactions anymore.



Geoff

--
"Your head is as empty as a eunuch's underpants." -- E. Blackadder

From: SMS on 16 May 2007 11:24
friend(a)nospam.com wrote:

> How is this going to show up at the end of the month when my cancelled
> checks are returned? (Actually they dont return them now, they send
> copies).

Now many payees are saying that you won't even get a copy if you send in
a check. They use the same process as Wal-Mart, but they shred the
check, and it never gets scanned or sent to the bank.

It's so rare to see people writing checks these days. It's much more
fiscally prudent, and safer, to pay for as much as possible with a
rewards credit card. I was surprised when our local electric/gas company
began accepting Visa (but not Mastercard). Not sure how long this
program will last, I can't believe that they are willing to eat the 3%
that a rewards Visa charges, on a $200/month bill. But maybe it cost
them more to mail a bill and process a payment manually.

I probably write one check a month, and it's usually for something at
the kids schools, or for something like piano lessons where the teacher
doesn't take credit cards but where I don't want to pay cash.
From: Gary Walker on 16 May 2007 12:28

"SMS" <scharf.steven(a)geemail.com> wrote in message
news:464b2247$0$27218$742ec2ed(a)news.sonic.net...
> friend(a)nospam.com wrote:
>
>> How is this going to show up at the end of the month when my cancelled
>> checks are returned? (Actually they dont return them now, they send
>> copies).
>
> Now many payees are saying that you won't even get a copy if you send in a
> check. They use the same process as Wal-Mart, but they shred the check,
> and it never gets scanned or sent to the bank.
>
> It's so rare to see people writing checks these days. It's much more
> fiscally prudent, and safer, to pay for as much as possible with a rewards
> credit card. I was surprised when our local electric/gas company began
> accepting Visa (but not Mastercard). Not sure how long this program will
> last, I can't believe that they are willing to eat the 3% that a rewards
> Visa charges, on a $200/month bill.




Those fees(the carrier processing fees/override/spread)
are negotiated. Your local utility is not paying anywhere
near 3% on your balance payment. It probably more like
..3% or .03%.




But maybe it cost
> them more to mail a bill and process a payment manually.
>
> I probably write one check a month, and it's usually for something at the
> kids schools, or for something like piano lessons where the teacher
> doesn't take credit cards but where I don't want to pay cash.


From: SpammersDie on 16 May 2007 15:23
>
> When I got out to the car, and could grab my reading glasses, I looked
> at it and it had the right amount printed on it. This is the first
> time I even ran across this sort of thing. Maybe the big cities do
> this a lot, but out here in the rural areas, this is the first time I
> have ever seen such a thing. I think I am going to get a debit card.
> Otherwise I am just wasting checks if they do this all the time now.
> Of course I mostly just pay with cash which makes everything easier,
> and deters identity theft issues. I always keep a few checks on hand
> though for times when I run short of cash. I dont own credit cards
> and never will, especially when I hear all the ways they are screwing
> people lately.

They "screw" the people who live above their means (where "screwing" is
often defined by the liberals as the horrible crime of pricing your loans
based on your actual recent repayment behavior rather than on a 10 year old
credit pull.)

Those who use credit cards as a simple transaction mechanism for paying with
money that they have in their bank account rather than their pocket simply
pay off their loans in full each month. They're the ones doing the screwing
(and loving it!)

This is a silly reason to eschew credit cards.



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