Cheques no longer accepted
After yesterday's experience attempting to bank an international cheque - I have had to make the decision to no longer accept cheques as payment.
There are several problem areas:
- The fees to deposit the cheques - are often 25% of the purchase price.
- I get the very bad end of a bank currency exchange rate - they skim quite a bit here.
- Some of the cheques bring a threat of dishonour fees equalling the face value of the cheques.
- I have to stop my busy life and personally present the cheques - yesterday it took ages whilst the staff held a meeting and then sternly warned me about all the fees and charges - all of course in order to comply with Australian Tax law - they say.
So it's electronic bank transfers from now on.
If this has a serious impact on you - please email me and I am sure we can make alternative arrangements.


