At 10:16 13/11/96 +1100, you wrote: >>>application when the relevant credit is established. Personal cheques >>>are therefore not recommended, because they can take up to seven working >>>days to be cleared by the banks. > >>They seem a bit paranoid dont they? > >I think so. Isn't it normal business practice to accept business cheques? >Most companies do not operate with credit cards, but rather with business >cheque accounts. What I don't get is if you read the fine print in most credit merchanting agreements, on mail/phone/fax transactions the bank or credit card companies are no more tied to honouring a transaction than a bank normally is to clearing a business/personal cheque. Indeed they tend to reserve the right to take the money back from the merchant even after a considerable time if there is any dispute etc. Cheers Brett ---- Brett Caird Chief Executive/Director brettc§bit.net.au http://www.bit.net.au/ Brisbane Internet Technology Pty LtdReceived on Wed Nov 13 1996 - 12:45:07 UTC
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