Cheques are less common than they used to be, but some businesses still have a lot to gain by accepting cheques.
According to records, several billions of cheques are written annually, so there are still plenty of people who insist on paying by cheques, according to www.thebalance.com.
The challenge for businesses is avoiding bad cheques. You never know for sure if customers have money in their current accounts, and it is expensive and time-consuming when cheques bounce.
So, what can you do to reduce the chances of accepting a bad cheque?