Will Paper Checks Soon be Obsolete in the U.S.?

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downloadWhen is the last time you heard someone say, “I’ll write you a check?”

For decades this was the standard form of payment for those who didn’t have enough cash on hand. Today, when someone pulls out a checkbook in a grocery store checkout line, everyone waiting in that aisle will shuffle their feet impatiently, as if that customer had committed some unforgivable sin that will keep them standing there for hours.

It was centuries ago when the first Italian bankers began honoring paper drafts issued by merchants in distant locales. Now one of those merchants, Britain, has taken steps to phase out paper checks by 2018. “There are many more efficient ways of making payments than by paper in the 21st century, and the time is ripe for the economy as a whole to reap the benefits of its replacement,” said a prominent banking representative.

Will the U.S. follow suit? Certainly check use here is already declining, but there are still thousands of people who like the simplicity and familiarity of paying for purchases the way they always have – particularly seniors and lower income families.

It’s Easier to Welcome Electronic Payments With ACH by Cliq

It is counterproductive for business owners to reject any form of payment for their product or service. So while electronic payments are faster and preferable, you’ll want to continue to accept paper checks as well.

The best way to do this is with an ACH solution.

With ACH by Cliq® you can automatically debit customers bank accounts and eliminate trips to the bank using account and routing numbers. That’s a big time savings, and it is more secure as well.

Out with the old, in with the new? Perhaps in England, but when it comes to paper checks, we don’t think they’re going anywhere anytime soon. So be sure to deliver a convenient payment experience, regardless of payment method, with an ACH payment processing service that meets both your needs and those of your customers. That’s ACH by Cliq.

Find out more about ACH by Cliq