Ads

Collapse

Announcement

Collapse
No announcement yet.

The End of Cheque Guarantee Cards...

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • The End of Cheque Guarantee Cards...

    I just got a letter from my bank to say that from 30 June 2011, cheque guarantee cards will no longer be valid. This will apply to ALL UK banks.

    We knew this was coming but I had no idea it would be so quickly and with such short notice.

    Cheques will still be around, but for us crafters, taking payments at outdoor craft fairs, they're no good without a guarantee card.

    I think this is disgraceful. The banks should be encouraging small businesses, not hindering us!
    Daesul

    http://www.clairemanwani.com
    http://www.folksy.com/shops/clairemanwani
    http://www.etsy.com/uk/shop/ClaireManwaniPottery

  • #2
    I agree, it will make things difficult for many people. I don't know why they decided to do it, as fraud seems to target cards and online payments more than cheques. I guess it's an admin thing.
    Celia
    I can't be creative and tidy too
    www.jencel.co.uk for beads, findings and threads
    The Occasional Sheffield Bead Shop
    Jencel on Facebook

    Comment


    • #3
      I've known about the date for ages so sounds like it's poor communication on behalf of some banks rather than introducing it at short notice - still not on mind you.

      I'm guessing it's all part of their plan to then phase out cheques completely, I've never taken that many cheques but for some elderly customers it's the only way they are happy to pay.
      Visit Natty Netty for a huge selection of Iris Folding supplies

      Comment


      • #4
        Cheques are due to be phased out completely by about 2018, but apparently only after they've come up with an alternative. I'll believe that when I see it!

        I'm writing a letter to The Payments Council to protest about the guarantee card being phased out - I know they won't change their minds but I've explained to them how damaging it will be to small businesses and have asked them to consider coming up with a viable alternative for us, like maybe making card machines less expensive.

        If anyone else wants to write to them, their address is: 2 Thomas More Square, London E1W 1YN.
        Daesul

        http://www.clairemanwani.com
        http://www.folksy.com/shops/clairemanwani
        http://www.etsy.com/uk/shop/ClaireManwaniPottery

        Comment


        • #5
          I got the letter too this morning, had had one some time ago but did not take notice of the date, typical of me, anyway they don't offer an alternative would not be so bad if they offered small business's a way to take at least debit cards without the percentage plus costs for the credit cards and without the monthly rental. I can still not justify a machine and to suggest bank transfer's very funny and no good if at a fair.

          Thanks for the address Daesul will also write to them, if we all did this may make them think and come up with and alternative.

          Comment


          • #6
            I have an alternative, as I don't take cards yet. I let the customer take their goods, and send them a Paypal invoice when I get home. I've never fallen foul of it yet, although there is one outstanding one at the moment and I'll have to phone the customer. Apart from that, everyone has been pleased to be trusted, and have paid the day they received the invoice from me.
            Celia
            I can't be creative and tidy too
            www.jencel.co.uk for beads, findings and threads
            The Occasional Sheffield Bead Shop
            Jencel on Facebook

            Comment


            • #7
              I think the only cheques that we get now are those from the craft shops/centres that pay us monthly. Maybe last year we took 3 or 4 cheques at craft fairs. Mainly cash and (now we have a mobile eft machine ) card payments.

              But the thing is we still write a lot of cheques out for Fairs/markets etc. I don't ever recall an organiser / market manager offering me the payment by card option for a stall fee. Would it be worth an organiser taking card payments ? i doubt it. so what will these folks do about the disspaerance of cheques ?
              http://www.dosrodgerspottery.co.uk/

              Comment


              • #8
                Apparently cheques that you send by post i.e. to a craft organiser do not need to have the guarantee card number on the back. It's only valid anyway if the cheque is handed over in person. So we'll be OK for that side of things until 2018, after that I don't know how it will work.

                My dad wants to know how ERNIE will pay out his prizes if his Premium Bond number comes up, once cheques are phased out!
                Daesul

                http://www.clairemanwani.com
                http://www.folksy.com/shops/clairemanwani
                http://www.etsy.com/uk/shop/ClaireManwaniPottery

                Comment


                • #9
                  Originally posted by jencel View Post
                  I have an alternative, as I don't take cards yet. I let the customer take their goods, and send them a Paypal invoice when I get home. I've never fallen foul of it yet, although there is one outstanding one at the moment and I'll have to phone the customer. Apart from that, everyone has been pleased to be trusted, and have paid the day they received the invoice from me.
                  That's still putting a lot of trust in the customer that they've given you a valid email address. I think any solution will probably have to be along those lines in the end though.
                  Daesul

                  http://www.clairemanwani.com
                  http://www.folksy.com/shops/clairemanwani
                  http://www.etsy.com/uk/shop/ClaireManwaniPottery

                  Comment


                  • #10
                    That's still putting a lot of trust in the customer that they've given you a valid email address.
                    It is, and so far it has worked out ok. It's bead fairs that I do, not craft fairs, so I don't know if that makes any difference. I only do it if I'm going to lose the sale, and I always get a phone number too. But it could be that if it became common practice, a few rogues would start taking advantage.
                    Celia
                    I can't be creative and tidy too
                    www.jencel.co.uk for beads, findings and threads
                    The Occasional Sheffield Bead Shop
                    Jencel on Facebook

                    Comment


                    • #11
                      I bit the bullet and got a card machine. expensive but it paid for itself in the first 3 months. in the form of extra sales that I would not have got if I didn't have it.
                      Handmade jewellery, to buy gifts or just to treat yourself visit my website, commissions welcome or join me on facebook for a chat

                      Comment


                      • #12
                        Have to agree with Hils - I got a card machine in my first year and the extra sales have made it more than essential. I don't take any cheques now (except the very occasional one for orders over the phone but most of those pay by card).

                        I got my machine via my membership of the FSB - even with the membership fee it was a fraction of the cost of going through a bank and much less hassle. I only have two events where the signal is a little on the iffy side - and I am often in a field in the middle of nowhere! - and then I have a manual swipe machine (the old fashion way before the new-fangled handheld electronic gadgets came in) which I can use as a back up instead. I note the CSC and manually put the sale through my machine when I get home and have a signal again - all hunky dory.

                        In my experience, the card machine is well worth it - just make sure there isn't a minimum monthly sales total as part of your contract. If there is, you will be charged this whether you make sales or not. As I do very little selling late December-Early March except online (which goes through PayPal anyway) this would prove costly but fortunately the FSB contracts don't have a minimum.
                        Ali x

                        Etsy Shop: aliscraftstudio.etsy.com
                        Facebook: AlisCraftStudio
                        Follow me on Twitter:
                        @AlisCraftStudio

                        Comment


                        • #13
                          Cardsave too is worth a look. we were pleased with the deal we got there and have definitely had sales that we wouldn't have got without the machine and the money is in your business account so much quicker than a cheque. Like Ali says watch out for the minimum per month payment don't go for that sort of deal.
                          http://www.dosrodgerspottery.co.uk/

                          Comment


                          • #14
                            Yep I have cardsave too. Very pleased with it, but it is an expesive option if you don't do regular fairs. I still send cheques to some organisors but for many now I send bank transfers. I'm really not sure what alternative they could come up with for cheques. Having worked in a bank for many years in my younger days I remember processing them all by hand so I can see why they want to get rid of them, I'm sure its not as labour intensive now but there will still be a lot of admin.

                            cj
                            www.curiouscatcreative.co.uk
                            Become a facebook fan
                            Check out my blog

                            Comment


                            • #15
                              I've got a Paypal app on my phone, so people with credit or debit cards can pay immediately using that (as long as they have email). I know that cheques cost the banks (but whose money is it in the first place?!!) but I agree, without putting a viable, non-online solution out there first, to stop the use of them is madness.

                              Judith
                              www.happysheepdesigns.com

                              Photographic cards, prints and gifts, and hand-knitted/crocheted accessories and clothing

                              www.busyted.co.uk

                              Home of Busy Ted! Also find him on Twitter @busytedstuff and on Facebook

                              Comment

                              Working...
                              X