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Old 09-18-2007, 09:49 PM   #30 (permalink)
analog
Banned
 
It's not bull, though it's an unfair representation. It would be like saying that everyone is safe in cars now because airbags are available. Well, they are available, but there are still plenty of older cars rolling around which existed before airbags were so common, or at all available.

It's as simple as a quick swipe if you have a good receipt printer like a thermal, don't require signatures for the purchases, and use an internet connection instead of a telephone dial-in connection for transmission. A slower printer can add time, requiring signatures adds time, and using telephone dial-in for transmission takes a few seconds longer than an internet connection.

Really, though... why is anyone getting their underwear in a twist because it takes 9 seconds longer to take a credit card on a slow set-up than for cash? Maybe it's as much as 17 seconds if they have to sign for it.

The real issue is getting rid of checks as payment in stores. Those are a gigantic waste of time and check fraud is around $20 BILLION annually. Checks should be for the movement of finances, NOT for point-of-sale transactions. Bills/payments, interpersonal movement of money, and for purchases from business-to-business, absolutely... but not people in stores. Thankfully, most all restaurants no longer accept checks. I just wish retail stores would stop as well.

There is absolutely no advantage or reason to use a check to pay for something. Paper trail? You already use a ledger (and if you don't, then you have no excuse whatsoever) and get a receipt. That's all you need.
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