Re:Europe Is Going After Google Hard, and Google May Not Win
by dingaling on Friday July 15, 2016 @02:31PM
(#12102906)
Printing is cheap, but processing the cheques at the other end is expensive; about 70 cents each and that was with a system that scanned them at point of receipt and converted it to ACH.
US citizen, and I haven't used a single cheque in over a decade.
The actual costs of printing cheque are negligible, and every bank and CU I've used gives them to customers for free.