do you charge for a returned check

[gunfighter48]

Title kind of says it all. How much of a fee do you charge for a returned check. Have you been able to get the customer to pay up or do you turn it over for collection?

[Beaverslayer]

Number one rule.... NEVER EVER Accept Cheque's. It's 2007, and there are so many other ways to receive payments.

1- E-Mail Transfer

2- PayPal

3- Credit Card (Through PayPal)

4- Postal Money Order

5- Bank Draft

The above listed all cost a bit, but they do not bounce. A bounced cheque is going to cost you at your bank, and that's what you have to recover from whomever gave you the bad cheque.

Up here in Canada, most places (if they even take cheque's) charge a minimum of $40.00 for a NSF fee.

Ken

[The Major]

I agree with the Beave.

I have not taken checks for years now. Gotten burnt too many times for some very nice gear.

But the thing is too, you have to watch the plastic too. If any of ya'll use a knuckle buster and run them through later, I suggest stop. Your processing company should have a feature to call it in. Do it. The customer will wait.

But what I do now is tell my customer that the returned check fee is equal to the merchandise being purchased ($50 minimum). That usually deters them, and they somehow find the $5.00 for the keychain they want.

[Zilla]

$100.00 or 10% Which ever is greater. Clearly printed and posted and on the receipt. Amazing how many will find cash or a credit card.

I also have a sign saying "In God I trust...All others pay cash!"

Kevin

[The Major]

  Zilla said:

"In God I trust...All others pay cash!"

I like that one.