Quote:
Originally Posted by Robbie
Yep, turned the check option off last year. Surfers figured out how to do that shit and get a free membership because it takes a few days for the "check" to clear. And then they can always turn around and stop payment and put a reversal on it too. Whatever they were doing...the majority of our online checks sales were getting us nailed. And of course CC Bill makes that nice fee off of it. lol
Turn it off and you'll make more money.
|
Well said.
I have a bare minimum of charge backs in all my years online. I do not think I average 1 or 2 a month. However, those bounced checks were brutal. Plus it seemed they all would come through in one billing period. So you would be happy you had a good week, and then you would have $100/200 in bounced checks and fees.
Once that started happening month after month it was time to turn it off.
My buddy was seeing the same trend, and he was getting hit for larger dollar amounts so it was even harder on him. So we discussed what we saw in patterns, and costs, and both turned them off.
I get an couple of e-mails a year asking for a check payment option, but it's a non-issue for the most part. Especially with popularity of check debit cards.