Tornado Alley (PROG)

[fuagf]

"paper checks for 99% of our invoices" .. gee, surprised me. Since i've never been in business
the scene is relatively alien, just i would have guessed more payments would be by cards ..
https://www.rba.gov.au/publications/bulletin/2017/jun/pdf/bu-0617-7-the-ongoing-decline-of-the-cheque-system.pdf .

That said, my favorite butcher only took cash until a few months ago. Got this just
because i'm still wondering what the percentage of cards vs cheques is in Australia ..
https://hnry.com.au/freelancer-resources/the-ultimate-guide-to-invoicing-like-a-pro/ . You would have all that covered. lol

Still only getting percentage of cheque decline and not percentage of invoice payments by cheque vs card

While cheques are still in use in Australia, usage has been declining at ~20-25% yearly since 2016, while digital transactions increase.7. Looking to other nations around the world, including neighbouring New Zealand, who became cheque-free in 2021 .. https://www.asb.co.nz/page/cheque-free.html , we can expect to see the trend of embracing a cheque-free economy to continue.
https://www.commbank.com.au/articles/banking/are-australians-using-cheques.html

Hmm, so there is one cheque-free country. One more quick look .. nope .. still just

Results overview
The results show that Australians continue to change the way they make payments, with the longer run shift to electronic payment methods accelerated by the COVID-19 pandemic. Australians are using cash less frequently; only around 13 per cent of payments were made using cash in 2022, which is half the share reported in 2019 (Table 1). Card payments made up the bulk of consumer payments, with debit cards accounting for half of all payments and credit cards another quarter. Other payment methods such as ‘buy now, pay later’ (BNPL) services made up only a small share of consumer payments. Cheque usage declined further in the 2022 CPS
https://www.rba.gov.au/publications/bulletin/2023/jun/consumer-payment-behaviour-in-australia.html

My bank just recently stopped using deposit slips. Now to deposit money (it's a small bank, previously a credit union so doesn't have branches all over the place) i use a post office. Cash in using a card, they transfer it to my bank. It's actually easier than filling out a deposit slip.

Don't know at all, but gut feeling is that cheques are still used more in the States than they are used in Australia. Depends on the business i guess. Cheques can be mailed, card payment has to be face to face or online, so again without knowing much at all can feel there are advantages in using cheques.

LOL, that was a real wander, back to mine, I added the ? in an afterthought, surely i thought, but seldom know for sure.

Thanks, dukeb,