The writing’s on the wall for the paper check – but I’m still going to miss it | Gene Marks
Using a paper check is a tedious process, but it’s also tangible evidence of stability and reliability
In these days of electronic-everything, you’d think that most businesses wouldn’t be using paper checks any more. Consumers have certainly ditched the paper check. According to one study, only 7% of their bills are paid this way. Many of my clients haven’t received this memo.
For most businesses, paper checks are still a thing. As many as one in three business-to-business transactions are paid this way and 81% of firms in the US are still using paper checks to settle at least some of their bills.
