At 10:34 AM 13-11-96 +1100, you wrote: >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. > 12 months to be precise. I do not see why they can't just accept a personal cheque and IF it bounces / is dishonored, delete any domain names. Regards Daniel Clarke MacroTecReceived on Wed Nov 13 1996 - 13:38:37 UTC
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