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SVTPerformance's Chain of Restaurants
Donut Shop
Writing a check from a closed account?
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<blockquote data-quote="Last" data-source="post: 11191904" data-attributes="member: 47180"><p>I've been working in the business for 9 years, been an owner for about 3. We have a check collections company that we send the checks to, but I felt since this one was a closed account, I want to pursue it legally. I'm glad it turned out the way it did. Our check collections company gives us 80% of the check amount. CC chargebacks are the worst! I usually don't even get the notice from my accountant until it is past the response date! When I worked for my old franchisee they charged $1.25 additional for using a check, which he said covers the 5% bad check rate. You should look into a check collections company.</p></blockquote><p></p>
[QUOTE="Last, post: 11191904, member: 47180"] I've been working in the business for 9 years, been an owner for about 3. We have a check collections company that we send the checks to, but I felt since this one was a closed account, I want to pursue it legally. I'm glad it turned out the way it did. Our check collections company gives us 80% of the check amount. CC chargebacks are the worst! I usually don't even get the notice from my accountant until it is past the response date! When I worked for my old franchisee they charged $1.25 additional for using a check, which he said covers the 5% bad check rate. You should look into a check collections company. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Donut Shop
Writing a check from a closed account?
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