Quote:
Originally posted by corvett
As far as whether you should accept checks or not:
Let me say that online checks do add to the bottom line as a healthy supplement to your credit card income?as an additional payment option or to be offered on a cc decline.
I recall KK mentioning some of this years ago? If a surfer has a credit card, they most likely have a checking account to pay the monthly credit card bill. In addition while a credit card may not be enormously necessary to survive, it is difficult to pay normal bills (rent, elec.,ISP/broadband, etc) without a checking account.
You access 2 additional markets; someplace to send a surfer when his cc declines and you have a viable payment option for the people that do not have access to a credit card.
Moreover, it is general industry knowledge that online check transactions normally recur for a longer period than credit card transactions...
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Once again, Corvett owns the stage...
