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submitted 1 year ago by farcaster@beehaw.org to c/finance@beehaw.org
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[-] 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.

[-] HalJor@beehaw.org 3 points 1 year ago

...and no app to install, or links to maintain between accounts.

No need for any special apps or 'links to maintain' whatever that means. You just need the person's Bank details.

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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