General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
John P
Steve Lehto
comments
Comments by "John P" (@johnp139) on "City Issues $5M in Unenforceable Parking Tickets" video.
How much does it cost to process a physical check? Credit card charges utilize no labor.
2
It costs due to labor. Why is that any different?
1
Remember Knight Rider?
1
The CONNIVENCE works for BOTH PARTIES! The receiving party literally does NOTHING, therefore they don’t have to pay anyone to process the checks or physically collect money! Those people, even if payed as little as $20 an hour, also get benefits and work in places with overhead costs. Bottom line is that the labor costs to collect money are probably on the order of a dollar a minute, or probably $3 per transaction.
1
It probably costs them more to process the checks or to collect money in person.
1
Check sent to you
1
And depositing checks and taking cash payments also costs for labor.
1
How much does it cost to process a physical check?
1
I just mail a check. It costs THEM more money to process that check than if they just covered the fees.
1