General > General Technical Chat

Cheques being phased out in Australia by 2030

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bdunham7:

--- Quote from: TimFox on October 08, 2023, 09:30:45 pm ---Many of the above posters not only do not like or use checks themselves, they want to stop everyone else from using them.

--- End quote ---

I don't object to others using them nor is it a problem for me to accept them, but I don't want to be compelled to write them without reasonable security features (that we don't have). 

Bud:

--- Quote from: nctnico on October 08, 2023, 09:34:16 pm ---Last time I used a cheque must have been nearly 30 years ago. I recall buying my first logic analyser using a cheque but that was one of the last things I paid with a cheque. Nowadays I use my phone to transfer money to somebody directly and they can see the transaction entering into their bank account near realtime. No risk of a cheque received from somebody getting declined or forgetting you wrote one and run out of money.

--- End quote ---
Personal electronic transactions here have limits. To pay big amounts like to replace the roof, do the driveway, instal HVAC equipment, build a fence, etc, it is easier to write a single check then spread payments over several days. Also make contractors happy for same reason.

Bud:

--- Quote from: nctnico on October 08, 2023, 09:39:25 pm ---
--- Quote from: Bud on October 08, 2023, 09:34:48 pm ---
--- Quote from: Halcyon on October 08, 2023, 08:49:37 pm ---You can walk down to a local office supply store, buy a $30 card reader and start accepting card payments in minutes. Card fees are typically under 2%, or capped at some nominal fee like $4 if the transaction is particularly large.

--- End quote ---
I do not believe it is that simple. There are likely monthly system connection fee. No payment service provider would allow you to jump in that simple.

--- End quote ---
It is that simple (and cheap). You can buy these card readers which connect to a mobile phone app. Prices are as Halcyon indicated.

--- End quote ---
Phones? I have never seen merchants using phones to accept payments. Here everyone is using proper Point-of-Sale terminals. That equipment is regulated by Payment Brands and have payment encryption keys loaded. Not sure what Mikkey Mouse system you guys are using on your phones.

mikeselectricstuff:

--- Quote from: BrianHG on October 08, 2023, 01:38:52 pm ---Still use checks for some private contractors like hiring painters / renovaters / yard work / plumber / temp employees.

--- End quote ---
Have these people not heard of Square & similar services ?

mikeselectricstuff:

--- Quote from: Bud on October 08, 2023, 09:49:13 pm ---
--- Quote from: nctnico on October 08, 2023, 09:39:25 pm ---
--- Quote from: Bud on October 08, 2023, 09:34:48 pm ---
--- Quote from: Halcyon on October 08, 2023, 08:49:37 pm ---You can walk down to a local office supply store, buy a $30 card reader and start accepting card payments in minutes. Card fees are typically under 2%, or capped at some nominal fee like $4 if the transaction is particularly large.

--- End quote ---
I do not believe it is that simple. There are likely monthly system connection fee. No payment service provider would allow you to jump in that simple.

--- End quote ---
It is that simple (and cheap). You can buy these card readers which connect to a mobile phone app. Prices are as Halcyon indicated.

--- End quote ---
Phones? I have never seen merchants using phones to accept payments. Here everyone is using proper Point-of-Sale terminals. That equipment is regulated by Payment Brands and have payment encryption keys loaded. Not sure what Mikkey Mouse system you guys are using on your phones.

--- End quote ---
The phone app is used with a small box connected via Bluetooth, which provides the NFC and chip reading, and does the security stuff

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