Question

Advantage of paying with a check

Answer 1

Businesses can accept payment from customers in a variety of ways. From credit cards to cash, these methods offer advantages and disadvantages for customers and for businesses. If you decline to accept a particular payment method, you could limit your customer base. Depending on the type of business you do and the type of customers you have, you may not need to accept some methods of payment. Weighing the pros and cons of different methods can help you make the appropriate decisions for your business.

Answer 2

The advantage of paying with a check is that it can serve as proof of when and how much you paid for an item. This is helpful in locating warranties. Checks are used for income tax records, proof of charitable donations, as one example. Another is that you can sometimes postdate a check, meaning it will not be deposited until the date written on the check.